Hungary Central Bank Alleges Fraud at Its Foundation, Index Says
The new management of the Hungarian central bank's foundation, appointed by recently installed Governor Mihaly Varga, has pressed charges on suspected fraud and misappropriation under the previous leadership, Index reported, citing people familiar with the matter it didn't name.
The charges relate in part to a Feb. 28 attempt — days before the end of previous Governor Gyorgy Matolcsy's second term — to transfer control of the foundation's assets to an entity outside its control, the news website said on Friday. The central bank declined to comment.
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