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MNB files criminal complaint over suspected offences at Széchenyi Bank

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The National Bank of Hungary (MNB) yesterday announced it had filed a criminal complaint with police against unknown perpetrators over suspected offences committed at Széchenyi Bank, the MNB said yesterday. The central bank told Hungarian news agency MTI that it suspects misappropriation, mismanagement and other financial abuses.

István Töröcskei, former ÁKK CEO, issued his resignation after the Hungarian central bank and financial market regulator withdrew the license of Széchenyi Bank and ordered its winding up in early December. Széchenyi Bank is majority owned by T&T Ingatlanforgalmazó és Vagyonkezelő, a company with which István Töröcskei is affiliated. In December the National Economy Ministry blamed the majority owner – Töröcskei's company – for the problematic situation at the Széchenyi Bank.

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