brokerage scandal


Socialists: Government bought Athletics Championships plot from bankrupt Quaestor ‘at a steal’

#Quaestor went bankrupt in 2015, leaving tens of thousands of small investors with massive losses

Former brokerage head ordered to pay 33.4 million euros in preliminary ruling

The court ordered Csaba Tarsoly to pay 33.4 million euros as compensation! scandal-hit brokerage #Quaestor

Socialists: Quaestor victims to turn to intl community for help

"#Quaestor's funds have disappeared and have long landed with firms close to the government" - #mszp #hungary #hungarian #brokerage #scandal #socialists

Court lowers sentence of former broker Kulcsár to five years

Kulcsár was charged with embezzlement, money laundering, corruption, possessing stolen goods and serving as an accessory to crimes The court reduced Kulcsár's sentence...

Socialists to submit proposals to compensate Quaestor investors

Budapest, January 12 (MTI) – Socialist MP László Szakács has proposed legislation to compensate former Quaestor investors who lost their savings due to the brokerage’s bankruptcy. […]

Top court rejects complaints over Quaestor law

Budapest (MTI) – Hungary’s Constitutional Court on Wednesday rejected about 60 complaints lodged against a law on compensation for investors who lost savings after the failure […]

Government: Former head of Quaestor brokerage ‘common criminal’

Budapest, November 24 (MTI) – Csaba Tarsoly, the former head of the scandal-mired brokerage Quaestor in preliminary detention awaiting trial “is nothing other than a common […]

Former Quaestor chief to stay behind bars

Budapest (MTI) – A municipal court ruled on Thursday that Csaba Tarsoly, the former head of failed brokerage firm Quaestor, should stay in preliminary detention. The […]

Socialists: Matolcsy must go

Budapest, April 29 (MTI) – The opposition Socialist Party has demanded that Gyorgy Matolcsy, governor of the National Bank of Hungary (NBH), should either resign or […]

Socialists urge prosecution, court to work together on Quaestor case

Budapest (MTI) – The opposition Socialist Party on Thursday called on the court and prosecution handling the case of failed brokerage Quaestor to work together closely […]

Socialists call for progress in Quaestor compensation as victims hold demo

Budapest, April 7 (MTI) – The Socialists have again called on the government to make progress in compensating the victims of the Quaestor brokerage scandal after […]

Prosecutor presses charges in Buda-Cash broker case

Budapest, April 4 (MTI) – The municipal prosecutor of Budapest has pressed charges against five people in connection with large-scale fraud involving now defunct brokerage firm […]

Eleven suspects charged in Quaestor case

Budapest, February 5 (MTI) – The office of Budapest’s chief prosecutor has pressed charges against eleven individuals for embezzlement, fraud and other offences related to the […]

Opposition disappointed with Quaestor bill

Budapest, December 15 (MTI) – The government-initiated bill aimed to compensate victims of failed brokerage Quaestor will only “make their losses irreversible”, a Socialist deputy told […]

Government submits amended bill to replace Quaestor law

Budapest, December 9 (MTI) – The government on Wednesday submitted a new bill on the compensation of investors who suffered losses caused by bond issues where […]

Top court ruling on Quaestor may prove positive for rating, says City

London (MTI) – The Constitutional Court’s ruling on the Quaestor scandal may help Hungary’s sovereign ratings to return to investment grade, London-based emerging markets analysts said […]

LMP wants central bank to help compensate Questor victims

Budapest, November 18 (MTI) – The green opposition LMP wants the central bank to participate in compensating the victims of failed brokerage Quaestor. Lawmaker Erzsebet Schmuck […]

Parties react to top court ruling on Quaestor compensation law

Budapest, November 17 (MTI) – Hungary’s ruling Fidesz party said the Constitutional Court’s decision to axe parts of a law on compensation for investors of failed […]

Top court axes Quaestor compensation law

Budapest, November 17 (MTI) – Hungary’s top court has axed some parts of a law on compensation for investors of failed brokerage Quaestor, the court said […]

Quaestor brokerage scandal victims protest at parliament

Budapest (MTI) – Around one hundred people, including several opposition politicians, demanded compensation for victims of the Quaestor brokerage scandal near parliament on Monday. Deputy leader […]