ECB’s Kazimir Found Guilty of Bribery and Plans to Keep Job

European Central Bank Governing Council member Peter Kazimir was convicted of bribery and fined €200,000 ($225,380) in a ruling that will cause embarrassment to the Frankfurt institution.

A court near Bratislava, where Kazimir also heads Slovakia’s central bank, said Thursday that if he fails to pay the fine he will need to serve one year in prison. Kazimir will appeal and doesn’t intend to resign from the post, his lawyer Ondrej Mularcik told reporters.