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Fri, 18th November, 2011 - Posted by
Vladimir Antonov, Chairman of AB Bank SNORAS Supervisory Board, main shareholder of the bank.
Vladimir Aleksandrovich Antonov (born 1975) is a London-based Russian banker, entrepreneur and investor. In 2007 Antonov’s personal wealth was estimated at $300,000,000 which ranks him as number 182 among Russian millionaires.
In 1996, Antonov graduated from Plekhanov Russian Academy of Economics. The university is one of the largest Russian economic institutes of higher education and a member of several international university bodies, such as the European University Association and the European Foundation for Management Development.
Since 2004 Vladimir Antonov has been chairman of the Supervisory Board of the International Financial Group Convers Group. He is also Chairman of the Supervisory Board of JSC Finasta Holding, a member of the Supervisory Board of JSC bank Finasta, the main shareholder and Chairman of the Lithuanian Bank Snoras Supervisory Board, a member of the Supervisory Board of the bank Latvijas Krājbanka, and a member of the Board of Directors of the bank Banco Trasatlantico S.A.
Conversbank Financial Group operates as a financial and banking company in Europe and offers banking services for non-residents of the Russian Federation. The Group was founded in 1989 and is based in Moscow, the Russian Federation. It has branches in England, the Czech Republic, Belarus, Latvia, Lithuania, the Russian Federation, Ukraine, and Estonia.
Vladimir Antonov is the main shareholder and chairman of Lithuania’s 5th biggest bank, Bankas Snoras. The company was formerly known as Siauliai Regional Bank and changed its name to AB Bankas Snoras in 1993. AB Bankas Snoras was founded in 1992 and is based in Vilnius, Lithuania. In 2009 the bank applied to the British Financial Services Authority to operate in the UK. The FSA refused permission to conduct business in the UK because it repeatedly gave “misleading and incomplete” answers to the regulator. These include failing to mention that it had been refused permission to take retail deposits in Russia and had been fined by the Lithuanian banking regulator. The FSA also attacks the record of Bankas Snoras’ largest shareholder and chairman of its supervisory board, Vladimir Antonov, whom it accuses of withholding information.
“These failures are not an isolated instance but are examples of an ongoing pattern of behaviour by institutions controlled by Mr Antonov,” the FSA said. The investigations by Lithuanian financial authorities and National Bank discovered that Snoras bank stated the possession of inexistent offshore assets. In order to prevent the bank from collapse and protect small shareholders and savings accounts holders, on the 16th of November, 2011 100% of bank Snoras shares of the bank Snoras were nationalised by the Lithuanian government. The bank and its operations is now under criminal investigation.
Until March 2011, Vladimir Antonov was the First Deputy Chairman of Investbank. The bank was controlled by Vladimir Antonov following a merger with Grankombank, Voronezhprombank and Conversbank in April 2008. The company Investbank works closely with affiliated financial structures both inside Russia and abroad. Its service network covers Moscow, St. Petersburg, Kaliningrad, Sverdlovsk, Voronezh and Rostov regions.
SAB -Spyker Cars
On 28 April 2011, the Swedish National Debt Office (NDO) approved Vladimir Antonov as a shareholder of Dutch car maker Spyker. The debt office approved Vladimir Antonov's maximum investment of 30 million euros in Saab, owned by Spyker Cars in exchange for a stake of up to 29.9 percent of the company. The Swedish National Debt Office stated: "The National Debt Office has found no reason to deny the application from Saab and Spyker to make Vladimir Antonov an owner in Spyker."
Bo Lundgren, head of the Swedish National Debt Office said that part of the reason the Debt Office's review of Antonov took so long was the agency's need to examine rumours about his background, stating: "There have been a lot of rumours floating around which have led us to do this type of investigation. But we haven't found anything to indicate that he's inappropriate as an owner."
In February 2011, it was announced that Spyker Cars NV, the Dutch owner of Saab Automobile, agreed to sell its sports-car unit to Vladimir Antonov. Antonov, a former Spyker chairman and shareholder, is expected to pay 15 million euros ($21 million) for the company. In an article in the Financial Times in February 2011, Antonov said that newly acquired Spyker will build the company's new C8 sports car in Coventry and will also produce a sports-utility vehicle.
In 2007, Bankas Snoras acquired 29.9% of Dutch luxury automobile manufacturer, Spyker Cars, making Vladimir Antonov the single largest shareholder in the company.
In January 2010, it was reported that General Motors was preparing to sell Saab to Spyker for a nominal fee, and that the Swedish government had agreed to guarantee loans for the purchase from the European Investment Bank (EIB). If the takeover had been successful, the Saab brand and its operations would have been largely unaffected.
Antonov's interests (29.9% of the shares) in Spyker Cars were said to have delayed the purchase of Saab Automobile in late 2009. An investigation by the Swedish monetary agency Riksgälden and the Swedish security police Säpo had allegedly found connections between the Antonov family and organized crime, as well as involvement in money laundering. Säpo reported their findings to the United States Federal Bureau of Investigation, and shortly afterwards GM stopped further talks about the deal until the Antonov family had sold their shares in Spyker Cars.
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