It’s been a big week for money laundering news from Latvia. The US’s FinCEN blacklisted AB.LV Bank. And, KNAB raided the home of Latvian central bank governor Ilmars Rimsevics.
The Media has missed a larger story however. What is going on at the European Central Bank (ECB)???
After the bailout of Parex Bank, which has been confirmed fraudulent, guess who started buying Latvian bonds? The ECB did! The ECB had full knowledge that the Parex bailout was a fraud and that therefore Latvia was also a fraud, and at the same time became the biggest ‘investor’ in the fraudulent bonds issued by Latvia.
And, to make matters even worse, the ECB allowed Latvia to enter the euro currency with full knowledge that Latvia was a fraud.
Now this week we can add two new embarrassments. Everyone in Latvia has known for many years that Parex used to and ABLV still does launder Russian Mafia money. But somehow the ECB doesn’t know, even though the ECB is the regulator for ABLV. How can two million Latvians know something however the regulator doesn’t?
Also, the ECB must know that Rimsevics is corrupt and working in the interests of Parex and ABLV. For example, after Rimsevics organized the fraudulent Parex bailout, he was caught by whistleblower ‘Neo’ paying a large secret bonus for himself using the small bit of Latvian taxpayer money that hadn’t already been stolen. And then, prosecution commenced against ‘Neo’ instead of against Rimsevics, at the request of ABLV.
Rimsevics is on the council of the ECB, making important decisions for all of Europe. And somehow the ECB doesn’t know he is corrupt? The ‘Neo’ information has been in the newspapers for years. We have been sending letters to the ECB for years and they never woke up.
The fact that the US had to take action against ABLV because the ECB was sound asleep is a huge embarrassment to the Europe and especially the ECB and we hope the Media will publicize this problem.
