Hungary drops case against Ukrainian bank couriers detained under ex-PM Viktor Orbán for transporting millions in cash and gold
Hungary’s National Tax and Customs Administration (NAV) has closed its investigation into employees of Ukraine’s Oschadbank who were detained in March while transporting 40 million U.S. dollars and 35 million euros in cash, as well as 9 kilograms of gold, through Hungary while en route from Austria to Ukraine. NAV concluded that no crime had been committed, said Lóránt Horváth, a lawyer…
Hungary has ended its investigation into seven former Oschadbank employees and two cash-in-transit vehicles detained in March for transporting $40 million, €35 million, and 9 kilograms of gold through the country. The Hungarian National Tax and Customs Administration (NAV) concluded that no crime had been committed after verifying the origin of the assets via documents provided by Raiffeisen Bank International AG, the Austrian bank involved in the transaction.
The investigation began after then-Prime Minister Viktor Orbán's government suspected the cash could be linked to money laundering, or potentially financing opposition party campaigns. Despite such claims, Hungary returned the seized assets to Ukraine in May, and the ban on the detained employees entering the Schengen Area was also lifted.
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