ECB governor accused of bribery in Latvia corruption trial

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Latvia's central bank chief, who led the former Soviet republic into the euro, appeared in court on Monday accused of bribery in the first ...

JURMALA, Latvia: Latvia's central bank chief, who led the former Soviet republic into the euro, appeared in court on Monday accused of bribery in the first corruption trial of a European Central Bank governor.

Rimsevics appeared in court alongside Latvian businessman Maris Martinsons, who prosecutors say acted as a middleman. Jirgena has earlier said the bribery dates back to 2010, when the shareholders paid for Rimsevics to spend a vacation in Kamchatka, a wilderness region in Russia’s far east. He had earlier been reinstated in that post after the ECB challenged his suspension from office. Rimsevics' lawyers argued in court that his position with the ECB granted him immunity from such a prosecution.

 

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