×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: APFN | EU | European Central Bank

Latvia Loses Case to Suspend Indicted ECB Official

Tuesday, 26 February 2019 06:39 AM EST

LUXEMBOURG (AP) — The European Union's top court has annulled Latvia's decision to suspend its chief central banker while he is investigated for alleged bribery.

The EU Court of Justice said Tuesday that Ilmars Rimsevics, the governor of the Bank of Latvia and a member of the European Central Bank's governing council, cannot be kept from performing his duties.

Latvian authorities had blocked him while they investigated him on charges of taking bribes in a case that has shaken the Baltic country. Rimsevics has denied wrongdoing.

The court sided with Rimsevics and the ECB, which had argued that central bankers should only be suspended when convicted of a crime. It said Latvia did not present enough evidence.

The court's ruling is not about whether Rimsevics is guilty, but whether his suspension is lawful.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
The European Union's top court has annulled Latvia's decision to suspend its chief central banker while he is investigated for alleged bribery.The EU Court of Justice said Tuesday that Ilmars Rimsevics, the governor of the Bank of Latvia and a member of the European Central...
APFN,EU,European Central Bank
132
2019-39-26
Tuesday, 26 February 2019 06:39 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved