Former Hungarian Central Bank Governor Arrested on Suspicion of Financial Fraud
28 Articles
28 Articles
Former Hungarian Central Bank Governor Gyorgy Matolcsy has been arrested. He is suspected of fraud and using a false document, Telex reported.
Former Hungarian central bank governor György Matolcsy has been detained on suspicion of financial fraud worth more than $800 million.
The prosecution has initiated the arrest of György Matolcsy, the former governor of the Hungarian National Bank. It is not entirely unprecedented for central bank governors to face such a fate, as his colleagues in Nigeria, Lebanon, Kosovo and Latvia have also suffered the same fate.
The former Minister of Economy and former head of the National Bank of Hungary, Djerdy Matolci, was taken into custody on suspicion of financial crimes and damage to the State amounting to more than 1.3 million euros. "As part of the ongoing investigation into the economic fraud case, which caused particularly serious financial damage to the State, the Central Prosecutor's Office questioned the former Head of the National Bank of Hungary, Djerdy…
The pillar of Orbán's economic policy, to whom Orbán himself owes a lot, is under arrest. As a minister, he helped to recover from the crisis, but as central bank governor, he organized hundreds of billions into foundations, from which the money migrated into private pockets. He is now being questioned.
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