Police Bust Israeli Money-Laundering Gang in Hungary, Over HUF 3 Billion Recovered
- 5 Jul 2023 8:52 AM
- Hungary Matters
Budapest police have so far recovered 3.1 billion forints (EUR 8.3m) from a money-laundering crime ring operating in Hungary run by Israelis, Péter Farkas, the head of the police’s economic crimes department, said.
He said the leaders of the ring were detained in Budapest in May last year.
The police have so far seized 18 valuable properties, luxury land rovers, cash, bank and bitcoin accounts worth a combined 3.1 billion forints, he said, adding that the sum was 60% of the money generated through the gang’s activities.
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