Parliament’s committee to hear testimony in Spéder case
The national security committee of the Hungarian Parliament is scheduled to hear a testimony tomorrow at a meeting regarding recordings the Police seized during a raid of the home of FHB Mortgage Bank chief Zoltán Spéder, Hungarian news agency reported today. The recordings are allegedly of Spéder and leading politicians of governing Fidesz, MTI added.
Police investigation of the bank began after a HUF 105 million fine levied by the National Bank of Hungary (MNB) against the lender on charges of violating rules prohibiting illegal market manipulation. The bank said it may appeal the fine.
The editor of news portal index.hu, which is published by a company owned by Spéder, addressed the claims in mid-June that the authorities are pursuing cases against FHB mortgage bank because the chairman of FHB’s board also owns several media outlets.
FHB mortgage bank is under review for a downgrade by Moody’s Investors Service, according to a press release from the ratings agency published on Tuesday. Moody’s cited negative publicity as well as government actions against FHB bank. Observers have said the bank is being targeted because its chairman owns media outlets that criticize the government.
MNB Gauges Interest in Operating on Hungary Crypto-assets Ma...
Bulgaria's Household Income, Spending Rise 20% in 2023
Budapest Airport Building on ‘Strong Employer Brand’ and ‘Vi...
Silvanus Hotel Under Reconstruction, Will Reopen in Fall
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
