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Former Head of Hungary's Central Bank Gyorgy Matolcsy Detained in Financial Fraud Case

Former head of Hungary's National Bank Gyorgy Matolcsy, an ally of Viktor Orban, was detained on the morning of October 21 as part of an investigation into embezzlement and fraud. The charges concern the reconstruction of the bank's headquarters and investments by funds financed by the central bank. His lawyer confirmed suspicions of fraud and document falsification.

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