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

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

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