Slovakia’s central bank chief convicted of bribery and fined $225,000

Key Points

• Slovakia’s central bank chief and member of the European Central Bank governing council, Peter Kažimír, was convicted of bribery and fined 200,000 euros ($225,000).
• Kažimír is accused of paying a 48,000-euro bribe to the head of the country’s tax office in 2017–18 to influence a tax audit while acquiring a luxury villa.
• His attorneys argue recent penal code changes reducing corruption penalties should lead to acquittal, and Kažimír, who will appeal, was absent from the verdict hearing; his term expires this week.
• This marks the first corruption trial of a former minister under populist PM Robert Fico, whose return to power saw controversial legal reforms that sparked mass protests against rolling back anti-corruption measures.

BRATISLAVA, Slovakia (AP) — Slovakia’s central bank chief, who is a member of the European Central Bank committee that decides monetary policy for 20 countries, was convicted of bribery and fined 200,000 euros ($225,000) on Thursday.

The verdict against central bank Gov. Peter Kažimír was issued by Judge Milan Cisarik at the country’s Special Criminal Court in Pezinok.

Kažimír's attorneys argued that he should have been acquitted because of the recent changes in Slovakia's penal code, which reduced punishment for corruption and that recently ended a number of corruption cases and trials.

Kažimír wasn't present at the court. He said in a statement that he would appeal. His six-year term in office expires on Sunday.

Kažimír was accused of paying a bribe of 48,000 euros ($54,000) at the turn of the year in 2017-18 to the head of the country’s tax office in connection with a tax audit of several private companies.

At the time, Kažimír was acquiring a luxury villa located in an upscale neighborhood of Bratislava, the capital, from the owner of the companies.

Kažimír, who pleaded not guilty, had previously said that he considered the charges to be illegal and fabricated.

The case dates to when Kažimír served as finance minister in the leftist government of populist Prime Minister Robert Fico from 2012 to 2019. He was a member of Fico’s Smer, or Direction, party before taking the central bank job.

Smer lost the 2020 general election and was replaced by a coalition government whose parties campaigned on an anti-corruption ticket.

Since that government took power, a number of people linked to Fico’s party faced prosecution in corruption scandals.

Kažimír was the first minister of Fico’s government to stand trial.

Slovakia is one of 20 countries that use the euro currency, and Kažimír is a member of the ECB’s governing council, its main decision-making body.

A number of people linked to the prime minister’s party faced prosecution in corruption scandals.

Fico returned to power for the fourth time in 2023 after his leftist party Smer won the Sept. 30 parliamentary election on a pro-Russia and anti-American platform.

In February 2024, lawmakers loyal to Fico’s new coalition government approved changes to the penal code and eliminated the office of the special prosecutor that deals with major crime and corruption.

The legislation faced sharp criticism at home and abroad while thousands of Slovaks repeatedly took to the streets to protest.

The changes include a reduction in punishments for corruption and some other crimes, including the possibility of suspended sentences, and a significant shortening of the statute of limitations.