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Central+Bank+Chief+arrested
Monday, 19 February 2018 - 11:55
Central Bank Chief arrested
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The anti-corruption agency of Latvia has detained the head central bank, Ilmars Rimsevics.
 
The agency personnel had raided his home and offices at the Bank of Latvia.
 
The country's Corruption Prevention Bureau gave no details about its investigation or the nature of the raids.
 
Following this incident, Latvia's Prime Minister, Maris Kucinskis, has called an emergency cabinet meeting.
 
However, it is reported that there was no apparent national threat.
 
"There are no signs that there is any threat to the Latvian financial system," he said in a statement.
 
He said neither he, as the prime minister nor any other officials had any reason to interfere with the anti-corruption agency's work.
 
"The institution works professionally and accurately," he said, pledging the government's full support and saying there would be no outside influence.
 
The Bank of Latvia said it could not comment on the investigation, but said it had a "zero tolerance policy in respect of corruption and other illicit activities".
 
The Bank of Latvia said that the work and performance of the Bank is not affected by the detention of its head.
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