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LMP bill could freeze officialsʼ bank accounts

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Hungary’s green party, LMP (Politics can be different), says it will propose a bill today that would freeze the bank accounts of any officials who can be shown to have obtained early information of problems at the now-insolvent Quaestor investment house, party co-president András Schiffer (pictured) said, according to a report in online daily origo.hu yesterday. 

Schiffer said that, if Prime Minister Viktor Orbán knew that Quaestor was close to bankruptcy, he should have acted upon his official obligation to inform relevant authorities and the police. If this knowledge can be proven, Schiffer said, the prime minister’s bank accounts and personal assets would need to be frozen.

Quaestor CEO Csaba Tarsoly has reportedly said that he asked foreign minister Péter Szijjártóʼs help in handling trouble at the brokerage before its problems became public. Tarsoly also said that he wrote Orbán a letter asking for help, and the letter was reportedly delivered by Szijjártó.

Tarsoly was arrested Thursday and the brokerage is now insolvent, apparently due to fraud. Both the foreign ministry and Orbán have denied many times that they were informed early about the problems at Quaestor.

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