The Ukrainian state-owned Oschadbank is pursuing legal action after Hungarian authorities seized two of its cash-in-transit vehicles on 5 March. The Counter Terrorism Centre (TEK) detained the bank’s staff and expelled them from Hungary, while the National Tax and Customs Administration (NAV) confiscated the transported funds.
Assets and staff in dispute
The bank’s statement on Facebook described the Hungarian authorities’ actions as an “illegal seizure,” noting that the vehicles and their contents, including around 40 million US dollars, 35 million euros, and nine kilograms of bank gold, remain in custody. Oschadbank will appeal the expulsion of seven employees, citing a lack of consular support and legal assistance during their detention. Legal proceedings will also be initiated to reclaim the confiscated property.
International transport agreement highlighted
As Telex reports, Oschadbank stressed that the cash transfers between it and Raiffeisen Bank Austria were conducted under an international agreement, following European customs procedures and international transport regulations. The bank holds a valid international transport licence, and all transfers since the outbreak of the war have been carried out overland on a weekly basis.
Industry experts defend practice
Gerhard Bösch, former Austrian CEO of PrivatBank, dismissed money laundering allegations as “absurd,” noting Hungary’s established role as a transit country for cash shipments to Ukraine since Ukrainian airports were closed. Raiffeisen Bank International declined to confirm the shipment, citing banking confidentiality, but said its internal controls exceed legal requirements.
Ongoing criminal investigation
NAV is investigating the case on suspicion of money laundering. The vehicles were stopped on the M0 motorway between the M4 and M5 junctions near the Alacskai rest area (earlier, reports suggested that they were stopped on the M5), marking a rare public confrontation between Hungarian authorities and a major foreign bank operating in the region.
If you missed it:
And Hungary demands the return of Hungarian oil stuck in the pipeline in Ukraine.
Do I understand this correctly:
-Ukraine fucking threatened to make a pre-emptive decapitation strike on Hungary.
-Then they whine about some laundry money for their corrupt dictator, which they smuggled through a nation they just threatened with war, being sized by the tax agency.
They can’t be that pathetic, right?
Right?
Actually, Dear Márk, the puppet Western Government in The Ukrainian part of Western Russia is beyond ‘pathetic’ … they are simply a band of murderous pirates.
No, even pirate is a bit too elevated a designation for them.
Sociopaths, yes, Homicidal Sociopaths, in office, is what they are.
‘Ukrainian bank demands return of millions of dollars, euros and gold seized by Hungary.’
It could be a perfect set-up for Orbán Viktor to channel Clint Eastwood and tell them…
‘Come and Get it.’
Raiffaisen and Oschadbank obviously forgot to pay their corruption bribes to Fidesz. Good reminder to all businesses operating in Hungary, do not forget to pay up Fidesz or this could happen to you too.
Ukraine could have used this money to acquire air-defense weapons to protect children from Russian random terror bombings. Too late for these children (and many others):
https://www.unicef.org/ukraine/en/press-releases/horrific-strikes-reportedly-kill-three-children-and-injure-least-six-others-kyiv
Yes, Ukraine could use this money to get air defenses.With the probability of 0.5%
It was going to be used to buy an another golden toilet. Let’s face it.
Ukraine is a corrupt regime led by a mad dictator. This money is in the custody of NAV, because they wanted to conduct smuggling and money laundering. And after Ukraine took the gloves off, Hungary stopped looking the other way.
And now the Ukrainian dictator is upset, that he needs to smuggle money through Poland to get a new house in Monaco?
Oh, the poor guy, my heart breaks for him. Having to wait another week to buy the next mansion… such atrocity.
I think Larry the clown disappeared because was manhunted by Zelensky’s gestapo and he already died in the battle front. RIP keyboard warrior