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Draghi Stays Silent as ECB Seeks Clarity on Latvia

  • European Central Bank hasn’t commented on Rimsevics detention
  • ECB is said to have been in contact with Latvian governor
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Latvian ECB Member Rimsevics Caught Up in Graft Probe

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The European Central Bank is holding off from public comment on the bribery allegations against one of its policy makers as it carries out due diligence into the accusations, euro-area officials familiar with the matter said.

More than 48 hours since Latvian Governor Ilmars Rimsevics was detained by anti-graft authorities and pressed by the government to step down, the ECB is still unclear on the details of the case, the people said. The Governing Council expects to be briefed by the Executive Board at a scheduled meeting on Wednesday, they said, asking not to be identified as internal discussions are confidential. The ECB has been in contact with Rimsevics, one person said.