Ilmārs Rimšēvičs in Latvia is facing bribery charges.
FRANKFURT-The European Court of Justice said on Tuesday that members of the European Central Bank’s Governing Council do not enjoy criminal immunity for misconduct that may be committed outside of their central bank duties.
As a result, the exemption of Ilmārs Rimšēvičs, former governor of the Bank of Latvia, as a member of the European Central Bank Management Committee was waived. Rimšēvičs faces charges of taking bribes. These allegations were denied by the former governor of the central bank.
The court ruled that “if criminal authorities found” the behavior under investigation was not conducted in the official capacity governor of central bank, the lawsuit against him or her can continue as immunity from legal proceedings does no apply.
The statement added, “Therefore, such a governor will not commit fraud, corruption or money laundering in an official capacity.”
The decision will be particularly monitored in Slovakia where Peter Kazimir was charged with taking bribes in Oct. The allegations were denied by Kazimir.
The European Central Bank declined comment.