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Pressure Mounts on ECB Member in Latvian Corruption Probe

  • Latvian premier, finance minister call for him to step aside
  • Rimsevics detention coincides with ECB move against ABLV Bank
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Bloomberg’s Alessandro Speciale discusses Rimsevics’ detention.Source: Bloomberg
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ECB Governing Council member Ilmars Rimsevics was due to be released on bail from detention by Latvia’s anti-graft authorities as the country’s prime minister heaped pressure on him to step aside.

Premier Maris Kucinskis called on Rimsevics, 52, to recuse himself from his duties while a bribery investigation proceeds against him. The governor considers his arrest "clearly illegal," according to his lawyer, who told Latvian TV3 News that his client may be released and hold a news conference later in the day.