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“The Hungarian state has become a repeat offender of its own laws!”

MOMA chairman and former Minister of Finance Lajos Bokros posted the following blog to his Facebook page on Wednesday, March 22nd.  He was reacting to the announcement that the Ministry of Foreign Affairs and Trade had withdrawn HUF 3.8 billion worth of public funds from Quaestor immediately prior to its collapse:

Insider trading = prison!

In any normal country such as the United States or Great Britain.  With us?  It appears the main governmental authorities are involved in insider trading, as the foreign ministry claims to have withdrawn public funds from Quaestor “in time”!

However, the problem is much greater than that.  Nobody has posed the question from whence the Ministry of Foreign Affairs and Trade had money to invest?  The Foreign Ministry is not part of the public asset management system where financial transactions only take place in cases where it is necessary to pay something outside of the system of state management.  What need not be paid simply does not appear in the asset management system as money, and as such it is not possible to either invest it or deposit it!

The Hungarian state has become a repeat offender of its own laws!

How long are we to tolerate this?

Lajos Bokros
Chairman
Modern Magyarország Mozgalom

Richard Field :