Quaestor suspects to remain in remand

Telco

The Budapest Municipal Court has overturned a district court decision allowing three suspects in pre-trial custody in the case of failed boutique brokerage Quaestor to be placed under house arrest, a spokesperson for the Chief Prosecutorʼs Office told Hungarian news agency MTI yesterday.

The Municipal Court also extended the period of remand for the suspects till December 29, 2015, said Bettina Bagoly. Quaestor came under the scrutiny of the financial market watchdog early this year for issuing HUF 150 bln of unsanctioned bonds.

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