Latvia's Corruption Scandal Is Getting Even Weirder
Jul 12, 2018
In The News
Its central bank chief has been charged with bribery. A lawyer liquidating the bank that was accused of bribing him was killed in a hail of machine-gun fire. And one of the bank’s biggest lenders was shut down after U.S. allegations of money laundering and violations of sanctions on North Korea. What’s going on in Latvia? The Baltic nation of 2 million people, once an unwilling part of the Soviet Union, is no stranger to financial scandal. After episodes of drama befitting a new Netflix series, the country is locked in a standoff with the European Central Bank that could go on for quite a while.
