Why is Péter Medgyessy intent on removing the chairman of PSZÁF?

24 August 2003

Dátum: 2003-08-24 12:25:00, eredeti URL: http://archiv.fidesz.hu/index.php?Cikk=13906
KCMDB-be feltöltve: 2024-05-04 18:43:22.430256, Feltöltő: fidesz_hu_scraper_v2

The facts

1) Spring 1999: Mr Péter Medgyessy takes office as chairman of Inter-Európa Bank.

2) From 9 May 2000, more than HUF 900 million is transferred from Inter-Európa Bank to the firms Ruian Guang Yu Knitting Co., China Ningbo, Futtong Ltd and to a person named Zhang Man Xin, in several installments and among suspicious circumstances.

3) From 8 July 2000, persons named Abdo Mah Moud and El Abed Hasan withdraw HUF 6,2 billion in cash in several installments and among suspicious circumstances at Inter-Európa Bank.

4) The background of the payments, supposedly originating from money-laundering, is unknown, coming from phantom firms (Montrade, Balmoral), dissolved since then, which appeared on the VIP-list revealed in the K&H Bank scandal.

5) On 27 May 2002, Mr Péter Medgyessy takes office as Prime Minister.

6) From June 2003, outbreak of the so-called Pannonplast-case, suspicious transfers and payments become less frequent.

7) On 28 July 2003, the Hungarian Financial Supervisory Authority (PSZÁF) begins on-the-spot investigations at the Inter-Európa Bank on suspicion of money-laundering.

8) On 6 August 2003, prime minister Péter Medgyessy strongly criticizes the PSZÁF-leadership revealing the case.

9) On 18 August 2003, the PSZÁF initiates a police investigation on charges of money-laundering at the Inter-Európa Bank, against unknown perpetrators. In its report, Giuseppe Pini, the bank's executive director, Péter Medgyessy's colleague in the bank's leadership and member of the board of supervision in Alexander Mudura's firm, is mentioned by name.

10) The very same day that afternoon on 18 August 2003, Péter Medgyessy is quoted as saying in an interview that "we have run out of patience", and the PSZÁF chairman must be removed.

The parliamentary groups of Fidesz - Hungarian Civic Union and the Hungarian Democratic Forum ask the Prime Minister of the Republic of Hungary, Péter Medgyessy, not to hinder the investigations into the affairs of his former bank by removing the chairman of PSZÁF.