politics-and-law2 hours ago
Hungary Detains Former Central Bank Chief Matolcsy in Major Fraud Probe
Hungarian authorities have detained György Matolcsy, the former governor of the National Bank of Hungary, on suspicion of financial fraud and document forgery. This move marks a significant escalation in the anti-corruption campaign led by Prime Minister Péter Magyar against the circle of former Prime Minister Viktor Orbán. Matolcsy, who served as central bank chief from 2013 to 2025, is the highest-ranking official from the previous government to be arrested since the change in power. The investigation focuses on the management of central bank foundations and the potential misuse of public funds, with prosecutors conducting coordinated operations across multiple locations.