Hearts owner Vladimir Romanov in £12m fraud claim

Vladimir Romanov is suspected of around �13m embezzlement. Picture: Cate Gillon
Vladimir Romanov is suspected of around �13m embezzlement. Picture: Cate Gillon
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HEARTS owner Vladimir Romanov is suspected of large-scale embezzlement, involving around £12 million, at the collapsed Lithuanian bank where he was former majority shareholder, according to the country’s prosecutors.

Lithuanian prosecutors have confirmed an international arrest warrant has been issued for Mr Romanov, who is thought to be in Russia.

He is wanted in Lithuania for questioning over alleged crimes that, if he was convicted, would see him jailed for up to seven years.

The investigation centres around Ukio Bankas, in which Romanov was a majority owner.

Simonas Minkevicius, of the Lithuanian prosecutor general’s office, told Baltic News Service the call for the international search was made about four weeks ago.

A BDO spokesman said what happens to Mr Romanov is unlikely to have any direct relevance to the administration process at Hearts.