The European Central Bank (ECB) has asked the European Union's top court to rule on whether measures imposed by Latvia on its embattled central bank governor, Ilmars Rimsevics, are in line with EU law, the ECB said on April 6.
Rimsevics is subject to an investigation by the Latvian anti-graft police KNAB that concerns “requesting and acceptance of a bribe” of at least €100,000 from a businessman. The allegations have led Latvia to suspend Rimsevics from working at the Bank of Latvia premises and as a member of the ECB’s governing council.
The ECB has also asked for interim measures to be put in place so that Rimsevics can participate in decision-making pending the final ruling by the Court of Justice of the European Union (CJEU).
Rimsevics denies any wrongdoing and has refused top Latvian politicians’ calls to step down in order to not compromise Latvia’s efforts to crack down on corruption and money laundering in its banking system.
Related Articles
Ghana becomes first African nation to export legal timber to EU under FLEGT licence
Ghana has issued its first timber legality licences, making it the first country in Africa and only the second in the world after Indonesia cleared to export timber to the European Union, reports ... more
Convicts at several Latvian prisons riot over ban on gaming consoles
Inmates in several Latvian prisons have staged protests believed to be sparked by upcoming restrictions on modern gaming consoles, Delfi and later local news agency LETA reported on August ... more
Latvian ex-cop arrested over offering bribe on behalf of blacklisted Russian
A former Latvian police officer with a criminal record was detained by Latvia’s Corruption Prevention Bureau (KNAB) over an alleged attempt to bribe an Interior Ministry official on behalf of a ... more
Most Read
-
Renewable capacity growth is faster than ever, but more acceleration needed to meet Paris 2030 goal, says IEA
1 year ago
-
Kyrgyzstan abandons attempt to rescue Russian climber trapped on icy summit of country’s highest mountain
22 days ago
-
BERTRAND: China after Communism, preparing for a post-CCP China
1 month ago
-
Hungarian economy faces weak growth, slow path to price stability, central bank report shows
2 months ago
-
UKRAINE REMONT: The battle to build: signs of recovery in Ukraine's construction industry
5 months ago