Former Portsmouth owner facing extradition to Lithuania after losing court battle
A former Portsmouth owner is facing extradition to Lithuania where he will face charges of asset stripping a national bank.
Banker Vladimir Antonov and his business partner Raimondas Baranauskas are accused of asset stripping at Lithuanian bank Snoras.
The businessmen said they were being used as "scapegoats" following the nationalisation of the bank.
Their challenge was dismissed by two High Court judges, who said there was no evidence to support their claims.
They face charges in Lithuania of stripping 470m euros (£396m) and $10m (£6m) of assets and funds from the bank.
Lithuanian authorities issued a European arrest warrant for the pair in November 2011 after naming them as the main suspects in a pre-trial investigation.
London-based Mr Antonov bought Portsmouth FC in June 2011.
He was forced to stand down as chairman in November of the same year when his company Convers Sports Initiatives (CSI) went into administration.