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European and international arrest warrant issued for son of former head of Hungarian National Bank goes into effect

Ádám Matolcsy is suspected of instigating economic fraud causing particularly significant financial loss, as well as for instigating the use of a forged private document. The case is part of the investigation into the suspected misappropriation of public funds during his father's time at the helm of Hungary's chief financial institution.
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Former governor of Hungarian central bank in custody

During György Matolcsy's time as head of the Hungarian National Bank, hundreds of billions of forints' worth of assets disappeared from the bank's foundation, while more and more suspicious transactions and the lavish lifestyle of his son’s business circle kept coming to light. The investigation gained momentum after the change in government and ultimately led to Matolcsy’s arrest, while an international arrest warrant was issued for his son.

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