Hungary’s former central bank chief is arrested on suspicion of fraud as the new government cracks down on alleged corruption
Source: Fortune ·
György Matolcsy, a longtime Orbán ally, was detained as authorities investigate suspected financial abuses involving public funds.
From the source
Hungarian police arrested the country’s former Central Bank governor on Wednesday, a significant step in the new government’s pursuit of suspected financial abuses during the rein of Viktor Orbán, whose government has been accused of widespread corruption. Prime Minister Péter Magyar wrote in a post on Facebook that the former governor, György Matolcsy, who had also served as finance minister, was in custody, without providing further details. Since taking office earlier this year, Magyar’s government has prioritized investigating suspected financial abuses committed by Orbán-era officials. The arrest followed a statement from Hungary’s Central Prosecutor’s Office earlier in the day, saying it was “carrying out coordinated investigative actions” in several locations in connection with a Central Bank-related investigation into criminal misappropriation of funds. It did not mention Matolcsy by name but said more details about the case would come later. Matolcsy led Hungary’s central…