Hungarian Diplomats In Custody In Fraud Case

BUDAPEST, Hungary (AP) - Prosecutors say three officials, including a former Hungarian ambassador to Russia, have been taken into custody, suspected of taking part in the sale of Hungary's commercial office in Moscow at below its market value.

Prosecutor Imre Keresztes said Tuesday in a statement that the unauthorized transaction carried in 2008 allegedly shortchanged Hungary by nearly 7 billion forints (¿26 million, $35.5 million), including losses stemming from ill-timed currency exchanges.

The suspects were identified as former ambassador Arpad Szekely, former Foreign Ministry state secretary Marta Fekszi Horvath and Miklos Tatrai, ex-CEO of Hungary's national asset manager.


Watch CBSN Live

Watch CBS News anytime, anywhere with the new 24/7 digital news network. Stream CBSN live or on demand for FREE on your TV, computer, tablet, or smartphone.

Watch Now

New Android App

For your Android phone and tablet, download the FREE redesigned app, featuring CBSN, live 24/7 news.

The all new
CBS News App for Android® for iPad® for iPhone®
Fully redesigned. Featuring CBSN, 24/7 live news. Get the App