Rogán to investigate Buda-Cash scandal
Ruling Fidesz caucus leader Antal Rogán today said he is proposing the establishment of an ad hoc committee of MPs to scrutinize the Buda-Cash scandal, Hungarian news agency MTI reported.
According to Rogán there are numerous questions that must be answered, such as why the Socialist majority in Parliament eased up on oversight of brokerages in 2002-2010. He also said that relationships between Buda-Cash management and the former Socialist Bajnai government should be cleared up.
Rogán said he would initiate the establishment of the committee soon, adding that he expects the results of the review to be ready within three months, before the summer recess. Rogán also said parliament should legislate to tighten oversight of brokerages, and MPs expect the National Bank of Hungary (MNB) to scrutinize the activities of all brokerages now.
The MNB recently revoked the license of Buda-Cash and a number of banks with which it has ties. Damages resulting from the scandal are thought to be close to HUF 100 bln.
ADVERTISEMENT
Technical Recession Ends, KSH Confirms
India's G20 Presidency, Dawn of New Multilateralism - Narend...
Production Resumes at Ganz's Szolnok Plant
TikTok Commits to Improved Consumer Communication in Hungary
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.
