FCMC sus­pects some­one may want to un­der­mine Latvia’s fi­nan­cial sec­tor

Baltic News Network - - News -

It is not im­pos­si­ble that some­one may want to un­der­mine Latvia’s fi­nan­cial sec­tor, said chair­man of Lat­vian Fi­nance and Cap­i­tal Mar­ket Com­mis­sion Pēters Put­niņš in an in­ter­view to Rīta Panorāma pro­gramme on Tues­day, 20 Fe­bru­ary.

«We can­not ex­clude this pos­si­bil­ity. There are too many co­in­ci­dences – the coun­try’s po­lit­i­cal in­ter­ests and mat­ters associated with the fi­nan­cial sys­tem are af­fected. One of Latvia’s largest bank’s [ABLV Bank] has ended up in a very com­pli­cated sit­u­a­tion. This is why it is en­tirely pos­si­ble that Latvia’s en­e­mies may want to use this sit­u­a­tion for their own in­ter­ests. It is also pos­si­ble they were the ones who caused this sit­u­a­tion in the first place. We have to be care­fully. All of Latvia’s in­sti­tu­tions have to co­op­er­ate,» said Put­niņš.

He also men­tioned that what Norvik Bank’s largest share­holder Grig­orijs Gusel­nikovs has said in re­la­tion to pos­si­ble dis­hon­est be­hav­iour from FCMC is un­true.

«I do not have any in­for­ma­tion that proves mem­bers of the com­mis­sion are in any way in­volved in ac­tiv­i­ties men­tioned by Mr. Gusel­nikov. We have a com­pli­cated his­tory when it comes to su­per­vis­ing the afore­men­tioned bank. What this per­son claims is sim­ply un­true,» said Put­niņš. Gusel­nikovs had pre­vi­ously told AP that the gov­er­nor of the Bank of Latvia Ilmārs Rimšēvičs had been ex­tort­ing bribes from his credit in­sti­tu­tion for years. Sup­pos­edly Rimšēvičs had been de­mand­ing bribes on a reg­u­lar ba­sis since 2015, threat­en­ing with sanc­tions against Norvik Bank if they re­fused to pay.

Al­legedly the gov­er­nor of the Bank of Latvia had told Gusel­nikovs that he can help the owner of Norvik Bank, be­cause FCMC, which per­forms su­per­vi­sion over banks, is an in­sti­tu­tion loyal to him.

Norvik Bank has turned to the In­ter­na­tional Court of Ar­bi­tra­tion against Lat­vian state, claim­ing that ‘some high-rank Lat­vian of­fi­cial’ had at­tempted to ex­tort bribes and had abused their of­fi­cial power.


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