Bankrupt Lender Pursues Banks as Russian Fugitive’s Ł10.5 Million UK Home Sold

By Paul Peachey

Administrators for a collapsed Lithuanian lender are pursuing at least two cases against Swiss and Austrian banks for failing to stop its former chairman, Russian financier Vladimir Antonov, from misappropriating nearly €500 million, according to a bankruptcy report published Friday. Details of the ongoing legal claims emerged earlier this month, after the Â?10.5 million sale of a luxury home in London once owned by Antonov, the latest trophy obtained in an ongoing 6-year quest to recover assets plundered from the now-defunct lender, Bankas Snoras AB, and laundered around the world. Representatives of Snoras, Lithuania's largest private bank until its closure...