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Wednesday 07.10.2015 | Name days: Daumants, Druvvaldis

Russia grants asylum to billionaire banker wanted in Lithuania

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU

Vladimir Romanov (centre)

Russia has granted asylum to Lithuania’s banker and billionaire Vladimir Romanov, wanted internationally for embezzlement of the funds of Ukio Bankas.

Romanov the largest shareholder in Ukio Bankas, which Lithuanian authorities placed under administration in 2013 after it ran into financial trouble.

The Lithuanian government had to allocate 230 million euros to pay depositors at Ukio Bankas. Lithuanian prosecutors issued an international search warrant for Romanov in August 2013.

Romanov is wanted on charges of embezzling 25 million euros from the bank, Reuters reports.

A representative of Lithuania’s Prosecutor General’s office unveiled Moscow had informed Vilnius of its decision to grant Romanov asylum and not to extradite him, without giving any reason for the decision.

Ukio bank, as well as Romanov’s key enterprise, a Lithuanian company named Ukio Banko Investiciju Grupe (UBIG), are both now in bankruptcy proceedings.


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  1. Linda says:

    all the crooks together then.

    Thumb up 0 Thumb down 0

  2. Tom says:

    Linda, my thoughts exactly!!

    Thumb up 0 Thumb down 0

  3. Brian says:

    Every corrupt politician from the Baltics, come of whom are being looked at very closely now, and every corrupt businessman will seek asylum as time progresses.

    They are all people who only put Russia first.

    Thumb up 0 Thumb down 0

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