ECB’s Kazimir Stands Trial in Slovakia on Bribery Charges
- Governing Council member has denied wrongdoing, faces 5 years
- Case threatens to embarrass central bank as Kazimir serves
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The corruption trial of European Central Bank Governing Council member Peter Kazimir began on Monday, threatening embarrassment to the Frankfurt institution as one of its serving policymakers appeared in a Slovak courtroom.
Kazimir, who denies wrongdoing, faces up to five years in prison if found guilty of offering a 48,000-euro ($52,000) bribe to speed up tax procedures against several companies during his term as the country’s finance minister.