Bloomberg News

Lithuania Says Frozen $303 Million of Ex-Snoras Owners’ Assets

November 29, 2012

Lithuania has frozen 805 million litai ($303 million) of assets belonging to the former owners of defunct lender Snoras Bankas AB and people linked to them, the Prosecutor’s Office said.

Investigations are continuing into Vladimir Antonov and Raimondas Baranauskas amid fraud allegations over the lender’s collapse, according to an e-mailed statement today from the capital, Vilnius. The two men, who are fighting extradition to the Baltic nation in a London court, deny wrongdoing.

-- Editors: Andrew Langley, Paul Abelsky

To contact the reporters on this story: Aaron Eglitis in Riga at aeglitis@bloomberg.net Bryan Bradley in Vilnius at bbradley13@bloomberg.net

To contact the editor for this story: Balazs Penz at bpenz@bloomberg.net


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