THE VOICE OF INTERNATIONAL LITHUANIA
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• Vladimor Antonov also owns UK Portsmouth Football Club
• Antonov's company says decision will not affect Portsmouth
The company run by Portsmouth owner Vladimir Antonov has insisted the club will not be adversely affected by the Lithuanian Central Bank's investigation of Snoras Bankas.
Photograph: Chris Ison/PA Wire/Press Association Images
The company run by Portsmouth owner Vladimir Antonov has insisted the club will not be adversely affected after a Lithuanian bank, of which Antonov is a majority shareholder, was placed in temporary administration.
The Lithuanian Central Bank is reported to be conducting an evaluation of AB Bankas Snoras's financial position, after it was suggested assets of around £250m may not be accounted for.
According to Bloomberg's businessweek.com, the Central Bank governor Vitas Vasiliauskas said more than 1bn litai was the subject of the investigation. However, Antonov's Convers Sports Initiatives (CSI) has insisted that what is going on on the continent will not cause any problems at Fratton Park or anywhere else within the company's global sphere of influence.
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