Some HUF 68bn of Buda-Cash assets secured for compensation, says prosecutor
Budapest, March 27 (MTI) – About 68 billion forints (EUR 226m) in assets have been secured in the Buda-Cash case, offering hope for compensation for all of the brokerage’s clients who suffered damages, Budapest’s chief prosecutor said on Friday.
Tibor Ibolya said the assets include real estate, business stakes, bank accounts, moveable assets and cash. Police detectives also uncovered about 62 billion forints of damages, he added.
The National Investigation Bureau (NNI) launched the investigation into the Buda-Cash case on February 23 based on claims filed by the deputy governor of the central bank. Suspects were questioned and arrests were made on March 9 on suspicion of high-value fraud and other crimes, Ibolya said.
The suspects have appealed to the Municipal Chief Prosecutor.
Three people implicated in the Buda-Cash bankruptcy are now held in pre-trial detention.