Latvia Adds Laundering To Charges Against ECB’s Rimsevics

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Latvian prosecutors expanded charges against European Central Bank Governing Council member Ilmars Rimsevics to include laundering the 250,000-euro ($280,000) bribe he’s already accused of soliciting from a commercial bank that was later closed.

Rimsevics’s brief detention in 2018 was part of a storm to hit the Baltic nation’s financial sector, coming less than a week after the U.S. Treasury accused its No. 3 lender of money laundering, sparking its demise. Rimsevics, who denies wrongdoing and blames a group of banks for his troubles, is back at work after a ruling by the European Union Court of Justice overruled Latvian law enforcement. His case hasn’t been sent to court yet.

The prosecutor in charge of the case, Viorika Jirgena, decided to add the new charge, which carries a potential 12-year prison sentence, on May 24, spokeswoman Laura Majevska said Tuesday in an emailed statement. The initial charge, from almost a year ago, could send Rimsevics to jail for 11 years.

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