Shortfalls uncovered by the central bank and data compiled by an oversight commissioner show the brokerage firm cannot settle a large amount with its clients. The clients will be compensated from the Investor Protection Fund (Beva).

The MNB suspended the activities of Buda-Cash last week and initiated a criminal procedure. It also revoked the licenses of DRB Bank group members, which have close ties to Buda-Cash.

The scandal is thought to involve some HUF 100 bln.

The MNB said Buda-Cash is suspected of having falsified client statements.