Three of those arrested were back-office workers who reportedly had access to the back-office systems, where the analytic data of transactions and client accounts are stored and which serves as a database to produce reports required by the National Bank of Hungary acting as financial services watchdog. The employees have been accused of fraud and breaching accounting rules.
János Bánati, the counsel for Buda-Cash shareholder and CEO Peter Tölgyesi, told Hungarian news agency MTI his client had been taken into custody on suspicion of a HUF 60 bln fraud and other crimes. Mr Bánati said another big stakeholder and former CEO of Buda-Cash as well as the brokerage’s deputy-CEO had also come under suspicion, to his knowledge, identifying them only by their initials.
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