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Latvia Adds Laundering to Charges Against ECB's Rimsevics

  • Central bank governor already fighting bribery allegations
  • Baltic nation struggling to recover from financial scandals
Ilmars Rimsevics
Ilmars RimsevicsPhotographer: Roni Rekomaa/Bloomberg
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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.