Police try to block oligarchs from spiriting away their illicitly acquired fortunes

Police are investigating against unidentified perpetrators for suspected embezzlement in connection with alleged efforts to conceal wealth as reported in the media, the National Police Headquarters (ORFK) said on Tuesday on the police.hu website.

In addition to the investigation launched regarding “activities aimed at concealing illicitly acquired funds and other assets from the authorities through financial or other transactions”, the police are also examining other possible offences as part of preliminary proceedings.

The statement said that the police investigation was not carried out in public because the disclosure of even some basic information could jeopardise the success of criminal proceedings.

“Even in the case of transfers and financial transactions that the police proceedings attempt to prevent, the possibility of legitimate business must be ensured, even for those who may be suspected of some form of abuse,” it said.

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Police can only block those transactions where concrete data, information, or well-founded suspicion is available regarding their illegality, the statement added.

Further details about the proceedings conducted by the National Bureau of Investigation cannot be made public but police urge the public to report any suspected criminal activity, in this or other cases, as quickly and thoroughly as possible.

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