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.
