Hungary Moves to Legalize Seizure of Ukrainian Bank Cash Convoy

Hungary moves to legalize seizure of Ukrainian bank cash convoy

Hungary’s ruling party on Monday introduced a bill aimed at cementing last week’s controversial seizure of millions of euros worth of Ukrainian state bank cash and gold. The measure would allow authorities to freeze the assets while a national security investigation unfolds. The proposal, introduced by Fidesz parliamentary leader Máté Kocsis, would treat the €35 million, $40 million and 9 kilograms of gold seized from vehicles linked to Ukraine’…

NAV investigation of seized Ukrainian cash, gold may start

A proposal submitted to parliament on Monday would grant powers to tax and customs authority NAV to investigate the matter of the Ukrainian cash and gold transport using clandestine intelligence methods to unveil the origin, destination, use and goal of the money.Continue reading

Hungary brings the law under the confiscated Ukrainian dollars and gold

Mate Kocis, a member of the ruling Hungarian Fidesz party, sent a bill to parliament that would allow money and gold confiscated from Oschadbank collectors to be kept under arrest until the end of the investigation.