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Court Orders One-Month Detention for Matolcsy in Fraud Case

By Drooid · · How we work

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Story summary
  • György Matolcsy, former central bank governor, was arrested on suspicion of economic fraud.
  • Prime Minister Péter Magyar announced his custody on Facebook on Wednesday.
  • Budapest Metropolitan Court ordered a one-month detention for Matolcsy and three co-defendants.
  • Investigators allege a sham securities-loan deal caused several hundred million forints loss.
  • International arrest warrants were sought for Ádám Matolcsy and György Stofa, who remain abroad.