ECB policymaker Kazimir found guilty of corruption in latest court ruling ...Middle East

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ECB policymaker Kazimir found guilty of corruption in latest court ruling

For some background, this relates to his alleged offence back when he was finance minister during 2012 to 2019. He is said to have delivered a €48,000 bribe to the tax administration to influence tax proceedings. Kazimir was found guilty back in 2023 and fined €100,000 initially but has appealed the decision. And now with the latest verdict, he has been fined €200,000.

All that being said, he will still retain his position awaiting a decision on whether he will be granted another term at the central bank or be replaced. His term is due to expire next week on 1 June. If he is to be replaced, he will overstay his position until a suitable successor is nominated and approved.

    This article was written by Justin Low at www.forexlive.com.

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