Socialists offer help to Quaestor victims
Budapest, March 16 (MTI) – The opposition Socialist Party is offering help to clients of Quaestor brokerage who have lost their savings, the party’s deputy leader said on Monday.
Quaestor’s clients can submit a claim for compensation using the Socialist Party’s offices and its internet connection, Zoltan Gogos told a press conference. The party will also supply official complaint forms.
An 2010 audit by former financial watchdog PSZAF suggests that the wronged clients of the brokerage are victims of a crime, he said, adding the party had submitted a draft resolution calling on the government not to leave the more than 200,000 victims stranded.
Local trade union leader Ferenc Pad will head the party’s body responsible for helping the victims. Pad, the joint candidate of the Socialists, the Democratic Coalition and Solidarity for the April 12 by-election in Tapolca, said several Quaestor victims he had spoken to had lost decades of savings.
Early last week, Hungary’s central bank partially suspended the operating licence of Quaestor Securities Trading and Investment Company because of irregularities discovered during an audit. It also appointed an oversight commissioner at Quaestor brokerage.
The bank’s deputy governor told a meeting of parliament’s economy committee that Quaestor may have accepted oversubscription of as much as 100 billion forints (EUR 327m) for a planned 60 billion bond programme, and the brokerage may not have sufficient coverage in assets against the bonds. He added that it was still too early to estimate damages.
The Hungarian police have launched an investigation of Quaestor on suspicion of fraud.
Photo: MTI
Source: http://mtva.hu/hu/hungary-matters
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