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Gederts Gelzis

Latvia criticised for choosing banker to police banks

Sep 20 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

Aug 16 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

May 17 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

Apr 17 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

Apr 17 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

Apr 12 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

Apr 11 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.

Latvian PM nominee Bordans pledges to fight corruption

Nov 07 2018

RIGA Latvia's president nominated Janis Bordans of the New Conservative Party as prime minister on Wednesday and the lawyer immediately pledged to form a government that would fight corruption and seek to restore faith in the rule of law.

Dissatisfied Latvians turn to newcomers in parliamentary election

Oct 07 2018

RIGA Dissatisfied Latvians rejected the right-of-center ruling coalition in Saturday's parliamentary election but suspicion of the left-leaning pro-Russia party makes it likely the next government will be another formation of ethnic Latvian parties to the right.

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