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BREAKING: Former Hungarian Central Bank Governor Matolcsy Detained

Authorities detained György Matolcsy on suspicion of fraud and forged document use in a long-running probe into MNB foundation losses.

  • On Wednesday, the Central Chief Prosecution Office detained Matolcsy, former governor of the Hungarian National Bank, on suspicion of economic fraud and using a forged private document.
  • The detention follows a long-running scandal involving the MNB, where the State Audit Office identified serious mismanagement within the Pallas Ath Domus Meriti Foundation, also known as PADME, with assets worth hundreds of billions of forints disappearing.
  • Governor Mih Varga turned over 30,000 pages of documents to a parliamentary investigative committee, while authorities detained a lawyer and a businessman linked to villa renovations on the Greek island of Mykonos.
  • Coordinated operations are underway at Several locations as part of an ongoing Investigation into suspected misappropriation, with Matolcsy's formal questioning expected later on Wednesday morning.
  • A parliamentary investigative committee continues examining the case, having already questioned Fidesz MPs Lajos and Erik in early October about foundation operations. Further details are expected later today.
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Lean Right

The Hungarian law enforcement authorities have been detained on suspicion of corruption offences by the former Minister of Economy and ex-Chief of the National Bank of Gjördy Matolci, as reported by Prime Minister Peter Majar...

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Lean Left

Former head of the National Bank of Hungary, Gyorgy Matolcsy, raised Wednesday by prosecutors, was a close collaborator of Viktor Orbán, but their relationship has deteriorated in recent years. Former governor of the Hungarian central bank, Gyorgy Matolcsy, was detained Wednesday morning in an ongoing investigation into the operations of the central bank carried out under his leadership, ...

·Romania
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Center

Prime Minister Péter Magyar also spoke out on Facebook after former Central Bank Governor György Matolcsy was taken into custody on Wednesday morning.

·Budapest, Hungary
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Center

Former Hungarian Central Bank Governor Gyorg Matolcsy Detained

·New York, United States
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Winnipeg Free Press broke the news in Winnipeg, Canada on Wednesday, October 21, 2026.
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