Former MNB governor detained in co-ordinated police action

György Matolcsy, the former governor of Hungary’s central bank, has been detained for alleged corruption.

In a statement on October 21, Hungarian security agencies said they were carrying out “co-ordinated investigative measures in the ongoing investigation into the crime of breach of trust causing a particularly significant financial loss”. The authorities involved are the Hungarian Bureau of Investigation, the Budapest Police Headquarters and the National Protective Service. The country’s rapid

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