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What is the case against Hungary's former central bank governor?

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Police have detained former central bank governor György Matolcsy, once a close ally of Viktor Orbán, in Budapest.

Hungary

Budapest

His lawyer says he is suspected of economic fraud and using a forged document; he denies wrongdoing. Hungary's audit office earlier estimated alleged losses from the bank's foundations at at least 375 million euros. It is unclear whether this case covers that.

€375M

Audit office, alleged losses (at least)Source: Spiegel Online · 21.10.2026

On 22 September he was questioned as a suspect in a separate case. On 21 October he was detained.

How the case built up
  1. 22 SeptemberQuestioned as suspect, separate case
  2. 21 OctoberDetained

Magyar, whose government has made Orbán-era abuses a priority, told AP: certain members of the previous government as well as oligarchs, businessmen and family members connected to them committed serious crimes. He did not link that to this case, and prosecutors have not yet detailed it.

“certain members of the previous government as well as oligarchs, businessmen and family members connected to them committed serious crimes”

Péter Magyar

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Hungarian police detain former central bank governor György Matolcsy over alleged fraudRead the article

Based on reports by