As Russian tax lawyer Sergei Magnitsky slowly died in a Russian prison from abuse and neglect, US$230 million (5.4 billion Russian Rubles) in taxes stolen from his client disappeared into a maze of phantom companies, crooked banks and offshore accounts.…
Questions are growing over the role played by Latvia’s Trasta Komercbanka in controversial Ukrainian state tenders in 2011 allegedly involving the embezzlement of hundreds of millions of dollars. According to bne enquiries and the tender documents viewed by bne, companies…
The massive fraud at the collapsed Snoras bank and Latvijas Krajbanka will cost the taxpayers in Lithuania and Latvia hundreds of millions of euros before the cleanup is complete. Bankruptcy administrators have only just begun to sift through the debris.…
These are the companies controlled by Antonov before the collapse of the Baltic banks in November 2011. Some of them are currently in administration, or already sold.
As the second bank crashes and burns in Latvia costing millions to cash-strapped taxpayers, are there any lessons learned by the state bank regulators?
Banker, entrepreneur and investor is how Vladimir Alexandrovich Antonov describes himself on the business networking site LinkedIn. Currently out on police bail, 36-year-old British-Russian Antonov and his Lithuanian business partner Raimondas Baranauskas were arrested on November 24, 2011 in London…