Hungarian travel agency deceived people for years
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The Hungarian National Bank fined a Hungarian travel agency for deceiving tourists for years.
City Holiday Ltd is a travel agency headquartered in Siófok, a popular Hungarian tourism hot spot on the southern bank of the country’s iconic Lake Balaton. Siófok is known among tourists for its spectacular beach promenade, offering a variety of fun summer activities and a long array of bars, cafés, restaurants and open-air party places, including the Everness Festival organised in June.
Now the Hungarian National Bank fined a Siófok-based travel agency for deceiving their customers. The firm offered money exchange for years, even though they did not have the necessary permit. Therefore, they were fined over than HUF 10 million (EUR 26 thousand), Blikk, a Hungarian tabloid, wrote.
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The company served customers both online and in their Siófok office, where they placed an ad indicating that money exchange was also available. However, they did not obtain the permission of the national bank. During the examination, the experts of the national bank established that the company engaged in such illegal activities on a regular basis to gain extra profit. The police have not yet managed to identify their customers.