Former governor of Hungarian central bank in custody

György Matolcsy, former governor of the Hungarian National Bank, was detained on charges of economic fraud and document forgery. This unprecedented event in Hungary's history follows years of scrutiny over financial irregularities during his tenure. Investigations revealed significant mismanagement of public assets, including billions funneled into foundations and questionable contracts. Matolcsy, a close ally of Prime Minister Viktor Orbán, had previously faced no legal repercussions despite numerous scandals. His arrest marks a turning point in ongoing investigations into the opaque financial dealings associated with the central bank's foundations, which have been criticized for lacking transparency and accountability.