When György Matolcsy left the helm of the National Bank of Hungary (MNB) in early March, the bank issued a terse statement pledging to “strengthen credibility and trust”.
Two weeks later, state auditors issued three long reports about the central bank and affiliated foundations and institutions, declaring evidence of “several suspected felonies”, and filed criminal complaints at the prosecutor’s office.
Matolcsy himself has not been charged with wrongdoing but Viktor Orbán, Hungary’s prime minister, has already moved swiftly to distance himself from the man he once described as “my right hand”.
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