Lithuania thwarts mafia attempt to launder money

LITHUANIA - The Bank of Lithuania, the country's central bank, has prevented a large-scale money laundering attempt by declining an application from a French national to make a huge investment in the country's fourth-largest bank, Snoras, Lithuanian radio M1 Plius has claimed in a report.

The Bank of Lithuania took its decision on 16 May on the basis of findings by the State Security Department which had established that the money intended for the investment was linked with the Russian crimina