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Saeima to invite Bank of Latvia governor to step down next week

Ilmārs Rimšēvičs/flickr.com/Bank of Latvia.
Next week, Latvia’s parliament will decide on whether or not to ask the governor of the Bank of Latvia Ilmārs Rimšēvičs to step down.

Considering objections for some of the members of the Saeima, this proposal was added to the parliament’s agenda for next week instead of Thursday, 1 March. Valdis Kalnozols from Union of Greens and Farmers opposed this legislative draft, justifying his decision with presumption of innocence. In accordance with the parliament’s internal order, the Saeima has decided to discuss this matter next week.

Even if the Saeima were to support this proposal, it does not mean Rimšēvičs would immediately lose his post. In accordance with the law, the Saeima is able to dismiss the governor of the country’s central bank if he submits his resignation or if he is found guilty of some crime.

«Rimšēvičs’ remainder in his post after the criminal process launched by the Corruption Prevention and Combating Bureau (CPCB) would negatively affect Latvia’s international reputation and would cast a shadow over the country’s financial system,» as Unity faction leader Hosams Abu Meri commented on the initiative.

As it is known, CPCB has launched a criminal process against the governor of the Bank of Latvia Ilmārs Rimšēvičs. He is accused of bribery. The accused, however, claims he is innocent and that he has no plans to step down. He added that his arrest is largely associated with the scandal surrounding ABLV Bank.


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