262 result(s) for bankrupt
Lawmakers Pass Law To Freeze Assets At Scandal-Ridden Firms
- 1 Apr 2015 9:00 AM
- current affairs
Lawmakers approved a bill which will allow the assets of companies and their executives linked to the recent brokerage scandals to be frozen. The measure will affect company groups, their top executives, members of their supervisory boards as well as some auditors. The bill submitted last week by Antal Rogán, head of the parliamentary group of the ruling Fidesz party, and Péter Harrach of the ...
Billions Loaned To Quaestor Under Gyurcsány Govt, Says Fidesz
- 31 Mar 2015 9:00 AM
- business
Hungary’s Fidesz ruling party has proposed setting up a parliamentary sub-committee to investigate a government loan to the Quaestor brokerage made under the Socialist administration of Ferenc Gyurcsány.
If Viktor Orbán Can Survive Broker Scandal, He Can Survive Anything
- 30 Mar 2015 9:00 AM
- current affairs
Hungarian Prime Minister Viktor Orbán acknowledged on Wednesday that he himself ordered ministries to withdraw their money from brokerage firms. If the decision was based on inside information then the Prime Minister acknowledged committing a serious economic crime.
Hungary’s Foreign Ministry Denies Quaestor Withdrawal Insider Dealing
- 24 Mar 2015 3:00 AM
- current affairs
The foreign ministry and its affiliated organisations had no privileged information about the financial situation of the troubled brokerage Quaestor prior to its withdrawal of capital from the institution, the ministry said, adding that it had closed its investment account at Quaestor after the preceding Buda- Cash brokerage scandal emerged.
Audi Cancels Gyõr ETO Sponsorship
- 16 Mar 2015 8:00 AM
- sport
Car maker Audi announced on Saturday that it has cancelled its sponsorship contract with football club Gyõri ETO, due to the scandal of the Quaestor financial group. Quaestor owns the sports club, as well as its stadium, and the attached shopping mall and hotel.
Police Raid Quaestor Headquarters In Budapest
- 12 Mar 2015 8:00 AM
- current affairs
The National Bureau of Investigation yesterday raided the Budapest headquarters of brokerage Quaestor and initiated criminal proceedings against an unidentified person on suspicion of large-scale fraud. Chairman and CEO Csaba Tarsoly was in the office during the search and is co-operating with authorities, his lawyer said.
No Compensation For Quaestor Clients
- 12 Mar 2015 8:00 AM
- business
The Investor Protection Fund (BEVA) is set to pay out its largest compensation ever, which may exceed its present budget of Ft 12 billion, to clients of collapsed brokerage Buda-Cash, Világgazdaság writes. So far, the largest amount of money paid out to victims of bankrupt brokerages came in 1999, when London Broker went belly-up.
Police Launch Investigation Into Quaestor
- 12 Mar 2015 8:00 AM
- business
The Hungarian police have launched an investigation of brokerage Quaestor on suspicion of fraud, the National Police Headquarters said. Quaestor’s headquarters were raided as part of the investigation, the police said. Earlier in the day political parties clashed over the brokerage scandal.
Creativity Can Trump Experience, Says Prezi's Arvai
- 3 Mar 2015 8:00 AM
- tech
In 2008, CEO and Co-Founder of Prezi Peter Arvai left his native Sweden during a major global recession to start a business in Budapest, his parents' native city.
Lawmakers Pass Law To Freeze Assets At Scandal-Ridden Firms
- 1 Apr 2015 9:00 AM
- current affairs
Lawmakers approved a bill which will allow the assets of companies and their executives linked to the recent brokerage scandals to be frozen. The measure will affect company groups, their top executives, members of their supervisory boards as well as some auditors. The bill submitted last week by Antal Rogán, head of the parliamentary group of the ruling Fidesz party, and Péter Harrach of the ...
Billions Loaned To Quaestor Under Gyurcsány Govt, Says Fidesz
- 31 Mar 2015 9:00 AM
- business
Hungary’s Fidesz ruling party has proposed setting up a parliamentary sub-committee to investigate a government loan to the Quaestor brokerage made under the Socialist administration of Ferenc Gyurcsány.
If Viktor Orbán Can Survive Broker Scandal, He Can Survive Anything
- 30 Mar 2015 9:00 AM
- current affairs
Hungarian Prime Minister Viktor Orbán acknowledged on Wednesday that he himself ordered ministries to withdraw their money from brokerage firms. If the decision was based on inside information then the Prime Minister acknowledged committing a serious economic crime.
Hungary’s Foreign Ministry Denies Quaestor Withdrawal Insider Dealing
- 24 Mar 2015 3:00 AM
- current affairs
The foreign ministry and its affiliated organisations had no privileged information about the financial situation of the troubled brokerage Quaestor prior to its withdrawal of capital from the institution, the ministry said, adding that it had closed its investment account at Quaestor after the preceding Buda- Cash brokerage scandal emerged.
Audi Cancels Gyõr ETO Sponsorship
- 16 Mar 2015 8:00 AM
- sport
Car maker Audi announced on Saturday that it has cancelled its sponsorship contract with football club Gyõri ETO, due to the scandal of the Quaestor financial group. Quaestor owns the sports club, as well as its stadium, and the attached shopping mall and hotel.
Police Raid Quaestor Headquarters In Budapest
- 12 Mar 2015 8:00 AM
- current affairs
The National Bureau of Investigation yesterday raided the Budapest headquarters of brokerage Quaestor and initiated criminal proceedings against an unidentified person on suspicion of large-scale fraud. Chairman and CEO Csaba Tarsoly was in the office during the search and is co-operating with authorities, his lawyer said.
No Compensation For Quaestor Clients
- 12 Mar 2015 8:00 AM
- business
The Investor Protection Fund (BEVA) is set to pay out its largest compensation ever, which may exceed its present budget of Ft 12 billion, to clients of collapsed brokerage Buda-Cash, Világgazdaság writes. So far, the largest amount of money paid out to victims of bankrupt brokerages came in 1999, when London Broker went belly-up.
Police Launch Investigation Into Quaestor
- 12 Mar 2015 8:00 AM
- business
The Hungarian police have launched an investigation of brokerage Quaestor on suspicion of fraud, the National Police Headquarters said. Quaestor’s headquarters were raided as part of the investigation, the police said. Earlier in the day political parties clashed over the brokerage scandal.
Creativity Can Trump Experience, Says Prezi's Arvai
- 3 Mar 2015 8:00 AM
- tech
In 2008, CEO and Co-Founder of Prezi Peter Arvai left his native Sweden during a major global recession to start a business in Budapest, his parents' native city.