LATEST
BD seeks Chinese banks to boost $19b trade Solar power theft to carry up to 3 years in jail 47.2pc of women married before 18 Over 1,100 Muslim families evicted in Assam Cost-of-living fuels crisis Economy falters for lack of reforms ‘Two sides have become one’ Dhaka eyes Japanese gains from PM’s visit Residents’ 4 key demands ahead of PM’s visit El Nino may persist into early 2027
Skip to content

Thursday | October 22, 2026 | Dhaka

Hungary arrests ex-bank chief in fraud probe

 AP
 Published: 12:09 AM, 22 October 2026

Hungarian police arrested the country’s former Central Bank governor on Wednesday.

Prime Minister Péter Magyar wrote in a post on Facebook that the former governor, György Matolcsy, who had also served as finance minister, was in custody, without providing further details.

Since taking office earlier this year, Magyar’s government has prioritized investigating suspected financial abuses committed by Orbán-era officials.

The arrest followed a statement from Hungary’s Central Prosecutor’s Office earlier in the day, saying it was “carrying out coordinated investigative actions” in several locations in connection with a Central Bank-related investigation into criminal misappropriation of funds.

It did not mention Matolcsy by name but said more details about the case would come later.

Matolcsy led Hungary’s central bank from 2013 to 2025, after serving as Orbán’s minister of economy from 2010 to 2013. He was long one of Orbán’s closest economic allies, and has denied any wrongdoing.