Lithuanian Snoras’ ex-owners appear before London court
Vladimir Antonov and Raimondas Baranauskas, former owners of Lithuania’s bankrupt bank Snoras, on Monday appeared before a London court hearing a case of their extradition to Lithuania. The court...
View ArticleLithuanian Snoras’ ex-owners’ trial adjourned until July 8
The trial of Vladimir Antonov and Raimondas Baranauskas, former owners of Lithuania’s bankrupt bank Snoras, was on Monday adjourned by a London court until July 8. Westminster Magistrates’ Court on...
View ArticleWeek 4 in review
A weekly look at some of the stories and views that were in the headlines last week: On Sunday,20 January, a building, which houses a business centre in Kaunas, came up in the CNN list of 11 of...
View ArticleLithuanian daily examines circumstances behind Ukio Bank’s collapse (Special...
Excerpt from report by Lithuanian newspaper Lietuvos Rytas. [Report by Aida Murauskaite, Marius Jokubaitis, Martynas Cerkauskas, Sigita Puryte, Rasa Stundziene: "Ukio Bank Has Collapsed: Neither...
View ArticleCollapse of Ukio Bankas again badly affected public trust in banks
The collapse of Ukio Bankas had a similar effect upon public trust in banks as the earlier failure of Snoras bank, sociologist Vladas Gaidys has said in comment of the latest public opinion polls....
View ArticleVasiliauskas suggests the possibility of opening new banks in Lithuania
In an interview with Lietuvos Žinios, Vitas Vasiliauskas, CEO of the Lithuanian Central Bank, said that the collapse of the Snoras and Ukio banks, will not lead to the expansion of the remaining banks...
View ArticleFinMin Sadzius: Lithuania considering financial body for money from intl...
Lithuania’s Finance Minister Rimantas Sadzius has admitted that, following collapse of banks Snoras and Ukio, the government is thinking about barring budgetary institutions and companies from juggling...
View ArticleLithuanian prosecutors seek more money for key investigations
BNS The Government of Lithuania plans to additionally allocate over 600,000 litas (around EUR 174,000) for pre-trial investigations in the bank Snoras and January 13 cases. Under the Ministry of...
View ArticleSnoras info leaking suspicions against deputy chief of Lithuania’s FCIS dropped
BNS Lithuania’s Prosecutor General’s Office has dropped suspicions of document forgery and jobbery against former deputy director of the country’s Financial Crime Investigation Service, Vytautas...
View ArticleLithuanians and Estonians to buy Snoras’ leasing arm
Neil Cooper, bankruptcy administrator of the nationalised and now bankrupt Snoras bank has found the buyer for ‘Snoro lizingas’, the bank’s consumer leasing arm, the Baltic Business News reports,...
View ArticleLondon court postpones decision on extradition of Snoras bank’s ex-owners...
BNS A decision in the trial of Vladimir Antonov and Raimondas Baranauskas, former owners of Lithuania’s collapsed bank Snoras, who are suspected of property embezzlement, has been postponed until late...
View ArticleChairman of the Bank of Lithuania: loved by some and hated by others
For the ninth time ‘Veidas’ magazine announced the Civil Servant of the Year – this time the title is given to Vitas Vasiliauskas, the Chairman of the Board of the Bank of Lithuania, writes...
View ArticleHundreds of creditors of Snoras contest ranking of claims
Almost 500 Lithuanian and foreign companies as well as private individuals are contesting the priority ranking of claims of Snoras’ creditors that puts the state’s deposit insurance fund, which...
View ArticleLithuanian businessman Gudelis wants to buy Snoras Media
BNS ‘Big Group’, a subsidiary of ‘Fragrances International’, a wholesale trade company owned by Lithuanian businessman Benas Gudelis, plans to buy ‘Snoras Media’, a subsidiary of Lithuania’s collapsed...
View ArticleBankruptcy Administrator’s team recovers LTL 530 million in Snoras assets in...
In the first year after the meeting of creditors of Snoras bank, which is being wound up, the bankruptcy administrator’s team realised LTL 530 million from the bank’s assets, Publicum FComm has...
View ArticleLondon court to resume hearing of Snoras Bank’s ex-owners extradition case
BNS The Westminster Magistrates’ Court in London is scheduled on Thursday to resume the hearing of the extradition case of Vladimir Antonov and Raimondas Baranauskas, former owners of Lithuania’s...
View ArticleLondon court waits for extra documents in Lithuanian Snoras’ ex-owners case
BNS A UK court hearing Lithuania’s extradition request against Vladimir Antonov and Raimondas Baranauskas, former owners of the bankrupt bank Snoras, on Wednesday expects additional documents to be...
View ArticleDecision in Snoras’ ex-owners case expected only next year
BNS District Judge John Zani at City of Westminster Magistrates’ Court will have two months – until 20 January – to decide whether Vladimir Antonov and Raimondas Baranauskas, former owners of...
View ArticleUK court allows extradition of Snoras’ ex-owners to Lithuania
BNS A UK court has agreed to extradite to Lithuania Raimondas Baranauskas and Vladimir Antonov, the former owners of the bankrupt bank Snoras. The Westminster Magistrates’ Court in London passed the...
View ArticleSnoras UK High Court appeal scheduled for 22 July
(BNS) Former owners of Lithuania’s bankrupt bank Snoras will appeal embezzlement charges and extradition to Lithuania before the UK High Court on 22 July. Tomas Krušna, deputy chief prosecutor of the...
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