"Hungarian Prime Minister Viktor Orban has ordered that a shipment of Ukrainian cash and gold seized last week by Hungarian authorities be held in custody for up to 60 days while his country's tax authority investigates the case. The gold and the money was being transported through Hungary by road when Hungary seized it last Thursday. Authorities said they suspected money laundering."
"The shipment included $40 million and 35 million euros in cash, as well as 9 kilograms (19.8 pounds) of gold worth, based on the current exchange rates, about $82 million. The seizure has outraged Ukrainian authorities who accused Hungary's Russia-friendly government of acting illegally."
"Video of the seizure released by Hungary's Counter Terrorism Center showed masked commandos arresting seven employees of the Ukrainian state-owned Oschadbank, who were traveling in the two armored cars that were en route from Austria, heading to Ukraine. Kyiv said it was a routine transfer of assets between state banks."
Hungarian authorities seized a shipment of Ukrainian currency and gold being transported through Hungary by road, containing $40 million, 35 million euros, and 9 kilograms of gold valued at approximately $82 million. Prime Minister Viktor Orban ordered the assets held in custody for up to 60 days pending investigation by Hungary's tax authority on suspicion of money laundering. Seven employees of Ukraine's state-owned Oschadbank were arrested during the seizure and later expelled from Hungary. Ukrainian authorities condemned the action as illegal, characterizing the transfer as routine movement of assets between state banks. The seizure reflects ongoing tensions between Hungary's Russia-friendly government and Ukraine.
Read at www.independent.co.uk
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