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«A good friend» pays 100,000 euro bail for arrested governor of the Bank of Latvia

Saulvedis Vārpiņš/procesilatvija.lv.
Corruption Prevention and Combating Bureau (CPCB) has applied a bail of 100,000 euros for the arrested governor of the Bank of Latvia Ilmārs Rimšēvičs. The bail has already been paid to the State Treasury account, as confirmed by his lawyer Saulvedis Vārpiņš.

According to information that was provided to the lawyer by CPCB, the bureau decided has made Rimšēvičs a suspect in a criminal case.

The lawyer has not seen the full text of CPCB’s decision. To speed up his client’s release, Vārpiņš organized the payment of the bail. According to him, the money was paid by one of his client’s good friends.

The lawyer predicts that his client will be released from State Police custody this evening – once the investigator presents him will all decisions.

CPCB has commenced a criminal process in which Ilmārs Rimšēvičs and businessman Māris Martinsons are two prime suspects. Police performed searches in Rimšēvičs’ home and office on 16 February. Martinsons was arrested on the same day but was released on Sunday, 18 February.

In the past two months there have been two reports of bribery activities taking place in Latvia’s financial sector.

CPCB has recently commenced an investigation in relation to information reported by the media, detailing former insolvency administrator Māris Sprūds and a high-rank official of the country’s financial sector had demanded bribes from Norvik Bank’s largest shareholder.

Norvik Banka’s largest shareholder, British-based Russian businessman Grigorijs Guselnikovs, together with other shareholders claimed in the application to the international court of arbitration that Sprūds and another official had demanded bribes from him to make sure Finance and Capital Market Commission does not exact pressure on the bank.

Financial Crimes Enforcement Network of the US Department of the Treasury has announced plans to apply sanctions against ABLV Bank for money laundering schemes that have reportedly helped North Korea’s nuclear arms programme, as well as illegal activities in Azerbaijan, Russia and Ukraine.


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