Prosecutor: HUF 160 bln in Quaestor assets seized
A total of HUF 160 bln in assets has been seized so far in the Quaestor brokerage case, Budapestʼs chief prosecutor Tibor Ibolya told commercial station Klub Rádio yesterday.
According to Ibolya, the assets include current accounts, securities, stakes in companies, real estate and moveable assets.
"Weʼre working efficiently, but this wonʼt make it a short process," the prosecutor noted.
The National Bank of Hungary suspended Quaestor’s operating license on March 6 due to irregularities. According to news reports, a few hours before the brokerage went into bankruptcy, MNKH withdrew all state money from the brokerage.
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.