Bank linked to Pompey owner shuts

Jacquie Shaw of the NMRN

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ANOTHER bank connected to Pompey owner Vladimir Antonov has been shut down, according to reports on a Latvian news website.

Baltic Business News has revealed that Latvian financial watchdog Finansu un Kapitala Tirgus Komisija (FKTK) has decided to halt the financial operations of Latvijas Krajbanka, which is owned by AB Bankas Snoras.

Snoras, of which Mr Antonov is the main shareholder, was placed into temporary administration by the Lithuanian Central Bank as investigators probe a missing £250m.

The Baltic website said: ‘FKTK decided to shut down the bank because it found a shortage of funds in its balance sheet. FKTK has also suspended the bank’s board and council, appointing its own trustees.’