LMP bill could freeze officialsʼ bank accounts


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.


European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Chain Bridge to be closed for traffic for 18 months City

Chain Bridge to be closed for traffic for 18 months


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.