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Former MNB governor detained in co-ordinated police action

Prosecution service detains György Matolcsy on suspicion of breach of trust causing financial loss

Central banker arrested montage
Central Banking montage

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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