More details surface about the malfeasance scandal of the Hungarian National Bank foundation - DailyNewsHungary

The State Audit Office filed a complaint with the prosecutor's office.

A new key investigation is being prepared by the Eastern Metropolitan Prosecutor's Office in the investigation against the deputy Joaquín Lavín León in the case against him.It was in October that the Attorney General of the High Complexity Oriente, Constance Encina, activated the proceedings against the MP (ex-UDI) after he headed an unpublished raid executed in the office that the deputy maintains in Congress.Joaquín Lavín Jr. in the cornice: t…

More details surface about the malfeasance scandal of the Hungarian National Bank foundation - DailyNewsHungary

Hungary’s State Audit Office has flagged potential malfeasance in the management of the National Bank’s foundation assets, citing opaque dealings and major financial risks involving public funds. Potential malfeasance Telex reported that the Hungarian State Audit Office (SAO) has uncovered severe financial mismanagement in the handling of the Hungarian National Bank’s (MNB) foundation assets, highlighting potential malfeasance. According to a dr…

Will the Matolcsy clan fail now that, following the report of the State Audit Office (SAO), the police have also begun investigating the alleged mismanagement of the billions, tens of billions, hundreds of billions(?) of assets lost by the foundation network of the Hungarian National Bank (MNB)? How much damage has been done to taxpayers and the country? Can the squandered assets and the credibility of the central bank be regained? Why has the S…

Last week I discussed how hundreds of billions disappeared from the foundation of the Hungarian National Bank as a result of the effective work of the Matolcsy clan. I based my article on public information, but shortly after writing it, the State Audit Office published a report on a similar topic, which discusses in nearly four hundred pages what kind of crimes may be suspected and what irregularities led to the colossal loss of wealth. But lif…

The former head of the Hungarian central bank is said to have withdrawn as much as $1.6 billion from the bank's treasury. The State Audit Office has revealed the preliminary results of an audit of foundations associated with the bank, and they have proven shocking. The Optima Foundation, the main owner of the developer GTC, is said to be on the verge of bankruptcy. However, GTC assures us that Optima's situation has no direct impact on the compa…