Hungary Submits Bill for New Asset Recovery Office to Pursue Corruption Cases Nationwide
Updated
Updated · Bloomberg · Jul 10
Hungary Submits Bill for New Asset Recovery Office to Pursue Corruption Cases Nationwide
3 articles · Updated · Bloomberg · Jul 10
Summary
A bill submitted to parliament on Friday would create Hungary’s National Asset Recovery and Asset Protection Office, a new body empowered to investigate major corruption cases and recover misappropriated public assets.
The government cast the office as an independent prosecutorial authority with nationwide jurisdiction over cases involving public officials and state assets, giving it powers beyond a standard watchdog.
The move delivers one of Prime Minister Peter Magyar’s central anti-corruption promises, targeting assets lost during the Orban era and signaling a tougher institutional approach to graft.