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
Eurozone manufacturing growth hits four-year high in April but Middle East war drives record price surge
Eurozone manufacturing activity expanded at the fastest pace in nearly four years in April as factories rushed to build safety stocks ahead of expected price rises and supply shortages linked to the ... more
Taiwan honours visiting Lithuanian MP
Taiwan’s Foreign Minister Lin Chia-lung has awarded the “Goodwill Diplomacy Medal” to Dovilė Šakalienė, a member of Lithuania’s parliament and former defence minister, in recognition of ... more
Russian GRU parcel bomb plot traced to Estonia
Estonian authorities are considering whether to extradite two residents accused of helping Russian military intelligence (GRU) operatives send parcel bombs that nearly caused major air disasters ... more