Quaestor owner Csaba Tarsoly taken into custody

March 29, 2015


Nearly three weeks after the National Bank of Hungary announced that finance services broker Quaestor had committed the economic crime of the decade by selling HUF 150 billion of fictive bonds to private investors, police finally questioned the company’s CEO and majority shareholder, Csaba Tarsoly, and two other individuals late Thursday afternoon.

Police reportedly conducted searches at multiple locations.

The arrests took place within hours of Minister in charge of the Prime Minister’s Office János Lázár announcing that Prime Minister Viktor Orbán was “amazed” Tarsoly had not been taken into custody.

On Sunday the Central District Court of Buda ordered that Tarsoly be held in preventative detention pending trial.  His lawyer Gábor Papp has appealed the decision, claiming that his client had only left Budapest once during the past three weeks and presented himself to police and investigators for questioning on three different questions.