Bribery probe Latvian banker 'sought to extort money for years'

Executives at Latvian bank Norvik have claimed the nation's central bank chief sought to extort money from their firm for years.

Bribery probe Latvian banker 'sought to extort money for years'

Executives at Latvian bank Norvik have claimed the nation's central bank chief sought to extort money from their firm for years.

Central bank chief Ilmars Rimsevics faces a criminal investigation for bribery, but has not been charged so far.

Norvik filed an international complaint against Latvia in which it claims a "senior Latvian official" sought bribes from the bank and abused his power.

Norvik's CEO, Oliver Bramwell, told The Associated Press: "The high-level official mentioned in our request for arbitration is Rimsevics."

Company chairman, Grigory Guselnikov, also told the AP how individuals connected to Rimsevics had asked his bank to launder money from Russia.

Rimsevics is also on the highest policy-making council of the European Central Bank, which sets monetary policy for the 19 euro countries.

PA

more courts articles

Nine people appear in court over protest outside refugee centre in Dublin Nine people appear in court over protest outside refugee centre in Dublin
DUP calls for measures to prevent Northern Ireland from becoming 'magnet' for asylum seekers DUP calls for measures to prevent Northern Ireland from becoming 'magnet' for asylum seekers
UK's Illegal Migration Act should be disapplied in Northern Ireland, judge rules UK's Illegal Migration Act should be disapplied in Northern Ireland, judge rules

More in this section

Currys' financials Currys shares jump on trading update a month after retailer rejected unwanted takeover offer
Joe Biden Biden increases tariffs on Chinese imports of electric cars and chips
Construction - digger working at building site on sunny day Large investment funds eye office and data centre projects now interest rates are about to turn
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
ie logo
Puzzles Logo

Play digital puzzles like crosswords, sudoku and a variety of word games including the popular Word Wheel

Lunchtime News
Newsletter

Keep up with the stories of the day with our lunchtime news wrap.

Sign up
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited