Hungarian police arrested former central bank governor György Matolcsy, who also served as finance minister, as the new government of Prime Minister Péter Magyar pursues suspected financial abuses under Viktor Orbán. Matolcsy led the central bank from 2013 to 2025 and was long one of Orbán's closest economic allies; he has denied any wrongdoing. His lawyer said he was detained on suspicion of economic fraud causing significant financial damage and using a forged private document. The case involves foundations endowed with hundreds of billions of forints in public funds and real estate bought at inflated prices, though it is unclear which matter the detention relates to. In July, the government launched the National Asset Recovery and Protection Office, which has investigative and prosecutorial powers.
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Original headline: Hungarian police arrest Orbán - era central bank governor on suspicion of fraud and abuse
Read the original on sitkasentinel.com ↗
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EUR/USD
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/20/2026 | 1.12376 |
| Change that session | +0.22% |
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