US EditionHungary’s Orbán Orders Authorities to Hold some $82 Million in Seized Ukrainian Cash and Gold
Fidesz aims to grant tax authority more power to withhold $40 million and gold seized from a convoy, prompting legal disputes and diplomatic tensions with Ukraine.
- This past week, Fidesz caucus leader Mate Kocsis said the bill would give the Hungarian National Tax and Customs Administration new powers despite potential retroactive concerns and apologised for the short notice.
- Following the convoy raid, NAV launched criminal proceedings on suspicion of money laundering, and seven detained men were expelled from Hungary the next day.
- Ukrainian state-owned Oschadbank and Raiffeisen said the transfer had been coordinated according to international rules and announced they will pursue legal measures to recover the seized assets.
- Kyiv advised Ukrainian citizens not to travel to Hungary after Andriy Sybiha accused Hungary of taking hostages and stealing money, and Zelenskiy said the bill would 'legalise the illegal seizure'.
- Analysts say Fidesz is heightening war fears and escalating tensions with Ukraine to consolidate support, while Prime Minister Viktor Orbán and others suggest the Tisza Party received funds and accuse Zelenskiy of pushing for a pro-Ukrainian government in Hungary.
46 Articles
46 Articles
Selenskyi wants to give Orbán's address to »his boys«, who in turn has a Ukrainian money transporter seized. Behind the new escalation are cheap oil and election campaigns.
Hungary's ruling Fidesz party on Monday presented a proposal that would provide a legal basis for the seizure of millions of euros in cash and gold from Ukrainian state-owned Oschadbank, Politico reports. Kiev has summoned the Hungarian ambassador for talks over the temporary detention of seven Ukrainian bank employees.
Associated Press News
Hungary's Orbán orders authorities to hold some $82 million in seized Ukrainian cash and gold
Hungarian Prime Minister Viktor Orbán has ordered that a shipment of Ukrainian cash and gold seized last week by Hungarian authorities be held in custody for up to 60 days while his country’s tax authority investigates the case.
The crisis between Hungary and Ukraine is growing after accusations of state terrorism and money laundering fly between the capitals.
Hungary stops two armored transporters from Austria, aboard 40 million dollars, 35 million euros and nine kilos of gold. The cargo allegedly goes to the Ukrainian state bank Oschadbank and is accompanied by seven guards, led by a former secret service general with a prior history of corruption with the Nom de Guerre "The Dog Man". Instead of an explanation of the adventurous history follows argumentative smoke bombs. However, no matter how you t…
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