The pre-trial investigation was terminated by Prosecutor Linas Kuprusevicius on 8 September, as it did not determine a criminal offence in Neil Cooper's actions.
Seeking to remove doubt regarding the lawfulness and legality of such move, Prosecutor General Darius Valys instructed a senior prosecutor to carry out an inquiry into the pre-trial investigation.
The inquiry was completed by Saulius Verseckas, Prosecutor at the Organised Crimes and Corruption Investigation Department of the Prosecutor General's Office. He found that the decision to terminate the pre-investigation could have been more thorough and motivated in certain aspects, but "in essence, was lawful and legal".
Bank Snoras bankruptcy administrator paid out another LTL 50 million (EUR 15 million) to a secondary-ranked creditor state enterprise Deposit and Investment Insurance. Currently the total amount paid to the largest creditor of the bank stands at LTL 1.72 billion (EUR 499 million) while the total amount paid to all Bank Snoras creditors has increased to LTL 1.73 billion (EUR 502 million).
Liabilities of the now bankrupt Bank Snoras to secondary-ranked creditors total LTL 4 billion (EUR 1.15 billion). LTL 50 million (EUR 15 million) was paid as a part of the second payment plan. The court has already approved third payment plan, according to which, Bank Snoras bankruptcy administrator will pay state enterprise Deposit and Investment Insurance LTL 325 million (EUR 94 million) more by 31 December 2014. By the end of 2014 the total amount paid by Bank Snoras to its creditors will exceed LTL 2 billion (EUR 579 million).
As reported, the pre-trial investigation determined that Neil Cooper, bankruptcy administrator of Bank Snoras, did not make a criminal violation he was suspected of previously. The investigation over squandering high value property was ceased and LTL 1.2 million (EUR 347,000) was returned to the account of Bank Snoras.
