Support The Moscow Times!

Snoras Claims Increased

VILNIUS, Lithuania — Lithuanian prosecutors doubled the amount in claims from former Bankas Snoras owners Vladimir Antonov and Raimondas Baranauskas after additional investigations.

Authorities estimate that the men allegedly stole about 1.7 billion litai ($610 million) by forging documents and accounting irregularities, the prosecutor's office said on its website Tuesday. The prosecutors issued renewed European arrest warrants for the bankers with new claims, it said.

Antonov and Baranauskas are fighting Lithuania's bid to extradite them from Britain over claims of fraud and embezzlement at Snoras. The men deny any wrongdoing, saying the move is a politically motivated.

(Bloomberg)

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more