The Budapest court ruled on Friday to remand former Hungarian National Bank governor György Matolcsy in custody for one month. The investigating judge granted the prosecution's request, citing the risk of flight, hiding and influencing witnesses as the reason. Telex ↗
Matolcsy is suspected of serious economic fraud involving significant property damage and of using a falsified private document. His defense attorney Pál Bátki stated that the former governor has not yet testified. However, at the hearing where the custody decision was made, he was expected to present his testimony. svet.sme.sk ↗
According to the defense, the investigation file has approximately 6,000 pages. Bátki also stated that he does not yet see any signs of a plea deal with any of the other suspects. HVG ↗
The case also concerns Matolcsy's son Ádám, who is currently in Dubai. There is no bilateral extradition treaty between Hungary and the United Arab Emirates, but this fact alone does not rule out his return to Hungary in the near future. Index.hu ↗
István Száraz denied participating in the preparation, decision-making and execution of the February securities exchange. He stated that he communicated with Ádám Matolcsy only through legal representatives and colleagues. The investigation will continue, and further proceedings depend on decisions by the prosecution and the court. Telex ↗
Court remands Matolcsy in custody for one month
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