Socialists want foreign ministry to reveal info they had on Quaestor

Budapest (MTI) – The opposition Socialists have called on the foreign ministry to make public its assessment reports made in preparation for a decision to withdraw the investments of the National Trading House from Quaestor.

In a letter written to Foreign Minister Peter Szijjarto, Attila Mesterhazy, a member of parliament’s foreign affairs committee, said that the ministry could this way demonstrate that “their money was not rescued on the basis of insider information from friends”. He added that it was important to know whether the ministry was hiding vital information from the public when the National Trading House cancelled its account held by Quaestor just four days before the company announced bankruptcy.

The foreign ministry said in a statement that neither the ministry nor institutions linked to the ministry had been in possession of illegal information on Quaestor’s financial situation and they were not hiding any such information. The ministry could not see in advance that Quaestor would file for bankruptcy but the management of the National Trading House noted that clients’ trust was shaken in brokerages after the bankruptcy of Buda-Cash and Hungaria Securities and a significant part of Quaestor’s clients were withdrawing their money. In reaction to this, the trading house’s management decided that it was safest to withdraw the trading house’s funds from Quaestor.

Photo: MTI

Source: http://mtva.hu/hu/hungary-matters