ECJ condemns Latvia for barring Central Bank governor from office

EPA-EFE/VALDA KALNINA

Bank of Latvia governor Ilmars Rimsevics speaks during a press conference in Riga, Latvia

ECJ condemns Latvia for barring Central Bank governor from office


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Latvia violated EU law by barring its central bank governor – Ilmars Rimsevics – from office after he was suspended on charges of corruption, the European Court of Justice ruled on December 19.

Rimsevics’ suspension left Latvia without a vote on the ECB Board of Governors. His temporary removal from office came after he was detained in February on allegations of soliciting a bribe.

Advocate General Juliane Kokott said Latvia failed to provide evidence of corruption and urged the court to find Latvia in violation of EU statutes.

“There is, therefore, no evidence before the Court that would allow it to ascertain whether the allegations made against Mr Rimsevics are well founded,” the Court said in a statement.

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