Hungarian Brokerage Scandal

Swiss prosecutor Cornelia Cove told Hungarian commercial RTL Klub TV channel on 16 October that Switzerland recently froze the bank account of an offshore company owned by former K&H Bank President Tibor Rejto. The account contained roughly $2 million, Cove said. A total of 10 bank accounts in Switzerland with apparent links to the K&H Equities embezzlement scandal have been frozen, and Swiss authorities have launched an investigation into money-laundering allegations, "Nepszabadsag" reported.