Reuters: Hungarian prosecutors seized about $300M in assets in a ML probe into Hungary’s Central Bank-linked foundations over alleged opaque structures and misuse of public funds

The probe was triggered by a State Audit Office report alleging that large volumes of public money were channelled through opaque corporate and investment structures, raising suspicions of mismanagement and potential criminal activity. Authorities are investigating dozens of individuals, companies and private equity funds, and have conducted raids and document seizures across multiple entities. While no charges have yet been filed, the central bank is reportedly cooperating with investigators as the case examines how public assets were managed under previous governance structures…