IMPORTANT NEWS: National Electric Vehicle Sweden has agreed to buy the assets of Saab Automobile and the sale is expected to be finalized during the summer.

Thursday, July 14, 2011

Antonov dismisses latest allegations

TTELA reports that Vladimir Antonov has issued a press release where he dismisses the latest allegations concerning the Lithuanian central bank and its criticism against Antonov's Snoras bank of Luthuania.

Mr. Antonov is not happy with the latest reports about the allegations as they have caused both shareholders and management in the Convers Group great harm. Mr. Antonov suspects that there may be some form of extortion behind the reports.

"We are compelled to say that the information on Snoras unstable financial situation does not represent the reality, and also contains an element of extortion", Mr. Antonov writes in the press release.