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Gederts Gelzis

ECB governor accused of bribery in Latvia corruption trial

04 Nov 2019

JURMALA, Latvia Latvia's central bank chief, who led the former Soviet republic into the euro, appeared in court on Monday accused of bribery in the first corruption trial of a European Central Bank governor.

Latvia criticised for choosing banker to police banks

20 Sep 2019

RIGA, Sept 20 Latvia's appointment of a banker to supervise the sector is threatening a conflict of interest, Transparency International said on Friday, following a series of financial scandals in the Baltic state.

Russian businessman behind shuttered Latvian bank PNB attacks ECB

16 Aug 2019

FRANKFURT/RIGA The Russian former owner of a stricken Latvian lender has attacked the European Central Bank (ECB) for abruptly shutting it, amid a bitter dispute after he previously accused an ECB governor of corruption.

U.S. urges Latvia to step up reform after money-laundering scandal

17 May 2019

RIGA Latvia came under renewed pressure to accelerate financial reforms as a senior U.S. official, at a meeting with its prime minister, underscored the urgent need for stricter controls after a money laundering scandal.

Investor Browder files Swedbank money laundering complaint in Latvia

17 Apr 2019

STOCKHOLM Bill Browder, an investor who campaigns to expose corruption, has taken a criminal complaint against Swedbank to Latvian authorities, alleging it was involved in a Russian money laundering scandal.

Bill Browder files Swedbank money laundering complaint in Latvia

17 Apr 2019

STOCKHOLM, April 17 Bill Browder, an investor who campaigns to expose corruption, has taken a criminal complaint against Swedbank to Latvian authorities, alleging it was involved in a Russian money laundering scandal.

Corruption scandal casts long shadow over Latvia

12 Apr 2019

RIGA A year after closing one of its largest banks for money laundering and the detention of its central bank governor for alleged bribery, Latvia is struggling to deal with the fallout from the corruption scandal.

Latvia pledges faster money laundering reform as pressure builds

11 Apr 2019

FRANKFURT Latvia's prime minister has promised to accelerate an overhaul of the banking sector as fears grow that money laundering scandals could single the country out as high risk, prompting Swedish lenders to leave and isolating the Baltic state.

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