NAV closes investigation into Ukrainian cash and gold shipment

NAV Ukrainian cash transporters money laundering investigation Raiffeisen Bank International JSC Oschadbank

The Hungarian National Tax and Customs Administration (NAV) has officially closed its criminal investigation into the seizure of a large cash and gold shipment involving Ukrainian transporters. The investigation, which was initially launched on suspicion of money laundering, was terminated due to a lack of evidence of any crime.

In March, the Counter Terrorism Centre (TEK) intercepted two armored vehicles on the M0 motorway. The shipment, which was traveling from Raiffeisen Bank International AG in Austria to JSC Oschadbank in Ukraine, contained 40 million dollars, 35 million euros, and 9 kilograms of gold. Seven Ukrainian citizens were detained during the operation and subsequently expelled from Hungary.

NAV stated that the origin of the assets has been clarified following documentation from Austrian authorities. Raiffeisen Bank International AG provided evidence verifying the origin of the currency and precious metals, as well as confirming that JSC Oschadbank had completed the payment. The investigation concluded that the assets did not originate from criminal activity and no other crimes were identified.

Entities

Counter Terrorism Centre · Counterterrorism Center · Hungary · JSC Oschadbank · National Tax and Customs Administration · Raiffeisen Bank International AG

Claims

What the coverage asserts, and how many sources carry each claim.

[● 5 SOURCES] NAV closed the criminal investigation into Ukrainian cash transporters due to a lack of evidence of a crime. szeged365.hu · 24.hu · hirklikk.hu · novekedes.hu
[● 5 SOURCES] The seized cash and gold originated from an interbank transaction between Raiffeisen Bank International AG and JSC Oschadbank. szeged365.hu · 24.hu · hirklikk.hu · novekedes.hu
[● 5 SOURCES] The initial seizure in March involved 40 million dollars, 35 million euros, and 9 kilograms of gold. szeged365.hu · 24.hu · hirklikk.hu · novekedes.hu · www.pravda.sk
[● 4 SOURCES] Raiffeisen Bank International AG provided documentation verifying the origin of the assets and the payment made by Oschadbank. szeged365.hu · 24.hu · hirklikk.hu
[● 6 SOURCES] Seven Ukrainian citizens were detained during the initial operation near Budapest. szeged365.hu · 24.hu · hirklikk.hu · novekedes.hu · www.pravda.sk