Hungary Starts Probe Against Banks on Foreign Loans, Nemzet Says
By Edith Balazs -
2012-04-24T06:40:48Z
The Hungarian prosecutor’s office started an investigation into domestic commercial lenders over foreign-currency loans, Magyar Nemzet reported, citing the person who requested the probe.
The investigation, involving all domestic banks, is focused on possible tax evasion, the Budapest-based newspaper said, citing Arpad Kasler, head of a lobby group representing borrowers.
Kasler expects class action cases against individual banks in the future, according to Nemzet.
To contact the reporter on this story: Edith Balazs in Budapest at ebalazs1@bloomberg.net
To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.