Lithuanian Court of Appeal to Hear Testimony from Former Snoras Shareholder Antonov

Lithuania's Court of Appeal is set to hear testimony from Vladimir Antonov, a key figure in the downfall of Snoras bank. Antonov, who served as both a former shareholder and head of the now-defunct financial institution, is appealing a conviction handed down by a lower court.

In the autumn of 2024, Antonov was sentenced to more than 10 years in prison. The conviction was issued in absentia, meaning he was tried and sentenced without being present in court. This ruling stemmed from charges related to the collapse of Snoras, a bank that failed spectacularly, leaving significant financial repercussions.

Antonov's testimony at the appellate court is a critical juncture in his legal battle. His appeal seeks to overturn the previous verdict and sentence. The proceedings will likely delve into the complex financial dealings and circumstances that led to Snoras bank's demise, examining the evidence presented against Antonov and his defense arguments.