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Portsmouth Russian tycoon fights extradition

The co-owner of Portsmouth FC, Vladimir Antonov, is accused of an asset-stripping operation that was alleged to have caused the collapse of two major Baltic banks, was released on bail by a London court last Friday.

Vladimir Antonov and his Lithuanian business partner Raimondas Baranauskas were arrested by City of London police on Thursday evening after the Lithuanian Government issued an international arrest warrant.

Prosecutors in Lithuania want to talk to the businessmen on suspicion of massive embezzlement and also face charges of accounting fraud and abuse of authority at Bankas Snoras, the Lithuanian bank in which they were majority shareholders until it was nationalised last week.

A spokeswoman for Portsmouth Football Club reached by telephone on Friday declined to comment.

TD

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