UK Lithuania Bank
(APTN) - A London court released Russian businessman and Portsmouth Football Club owner Vladimir Antonov on bail following his arrest in connection with a massive money laundering probe that has rocked Lithuania and Latvia. (Nov 25, 2011)
Credits: Field produced and wrote script for UK material
1. Exterior Westminster Magistrates Court
2. Head of Vladimir Antonov’s legal team, Kevin Gold entering magistrates court
3. Pan down to close up of sign for Westminster Magistrates Court
4. Mid of cameramen and news crews outside court
5. Roman Dubov, a co-owner of Portsmouth Football Club, leaving court
6. Close of Kevin Gold, head of Vladimir Antonov’s legal team, on the phone, then walking into the courthouse
7. Mid of Antonov’s wife leaving courthouse
8. Mid of Antonov and Raimondas Baranauskas leaving courthouse with legal team
9. Mid of Antonov and Baranauskas sitting in a taxi
10. Close of Antonov in the back of taxi sitting next to Raimondas Baranauskas
11. Wide of people standing in line waiting for Snoras bank to open
12. Bank Snoras employee putting notice on door, reads (Lithuanian): “Bank not operating”
13. People outside bank reading notice
14. Bank employees leaving branch of Snoras
15. Wide pan of people waiting in queue outside bank
16. Bank employees climb into car and leave
17. Various of student trying to withdraw money from cash dispenser, “STOP” message appears on screen
18. SOUNDBITE (English) Jevgenija Demidova, Lithuanian student:
“I am starting Vilnius Pedagogical University and I and my friends paid for study in bank Snoras and our lecturers don’t have salaries so we don’t know what to do.”
19. Wide of flags of Baltic states flying near new buildings in Vilnius
20. SOUNDBITE (English) Nerijus Maciulis, Lithuanian economist:
“First of all, bank of Snoras is not systemic bank which means it does not pose a significant threat for the system as a whole. Already for the past week when the problem about Snoras was known, there was no significant movement in other banks, and amount of deposits actually has increased during this week and there was no bank run on any other smaller banks. So what we can say is that government and Bank of Lithuania was able to contain the problem and panic did not start.”
21. Wide of Maciulis walking in office
A London court has released Russian businessman and Portsmouth Football Club owner Vladimir Antonov on bail following his arrest in connection with a massive money laundering probe that has rocked Lithuania and Latvia.
Antonov, 36, was arrested along with his Lithuanian partner Raimondas Baranauskas, 53.
Both appeared on Friday at Westminster Magistrates Court and were released on conditional bail.
Antonov was detained on Thursday on an arrest warrant issued by investigators probing alleged fraud and money laundering at his banks in the Baltic states.
The Bank of Lithuania said late Thursday that his bank there, Snoras Bank, will be liquidated, calling it the best solution for country’s financial system and economy, which were jolted after the bank was nationalised and its operations halted.
Lithuanian customers of Bank Snoras attempted to withdraw money from their accounts on Friday, after it went into liquidation.
Queues of people formed outside branches of the bank in the capital Vilnius, which remained closed, and customers trying to withdraw money from cash machines outside were frustrated.
One distressed woman trying to withdraw money explained that she was a student due to start a course at Vilnius Pedagogical University.
“I and my friends paid for study in Bank Snoras and our lecturers don’t have salaries so we don’t know what to do,” said Jevgenija Demidova.
Lithuanian regulators claimed that hundreds of millions of euros were siphoned from Snoras, the country’s fifth largest financial institution, while Latvian authorities have said that similar asset-stripping took place on a massive scale at Latvija Krajbanka, a subsidiary bank controlled by Snoras.
Lithuanian bank chief Vitas Vasiliauskas said the government was liquidating the bank rather than waste taxpayers’ money trying to help “a plane that won’t fly.”
The decision to liquidate Snoras means that Latvijas Krajbanka, which Snoras controls through a 68 percent stake, is almost certain to suffer the same fate, given Latvia’s meagre financial resources as it emerges from one of the world’s worst recessions.
Lithuania’s Finance Ministry said on Friday that they would pay out all guaranteed deposits of up to 100-thousand Euros (132-thousand US Dollars) at Snoras by Christmas – a move which would require some 4 (b) billion litas (1.5 (b) billion US Dollars) in funds.