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Išbandyti
2013 01 21

Extradition case of former Snoras bank owners adjourned until July

The trial of Vladimir Antonov and Raimondas Baranauskas, former owners of Lithuania's bankrupt bank Snoras, was adjourned by a London court until July 8.
Vladimiras Antonovas
Vladimir Antonov / „Reuters“/„Scanpix“ nuotr.

Westminster Magistrates' Court ruled on Monday against continuing the hearing as Baranauskas had a new lawyer who, the court ruled, needed time to get acquainted with the case, a person present at the hearing told BNS.

The trial is scheduled to be resumed on July 8 and hearings will be held daily for 10 days.

Antonov, Snoras' former main shareholder, and former-board chairman Baranauskas have been named suspects in a case of large-scale property embezzlement and document forgery in Lithuania. Lithuania has issued a European arrest warrant for their arrest.

Lithuanian prosecutors have brought suspicions against Antonov and Baranauskas of pocketing about 1.7 billion litas (EUR 492,8m) of Snoras assets. The two currently live in Great Britain and do not want to be handed over to Lithuania. Defense lawyers have attempted to prove political character of the case.

In November 2011, Lithuania's government decided to nationalize Snoras, and prosecutors opened a probe into fraudulent bookkeeping, document forgery, jobbery, squandering, and money laundering.

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