Oschadbank returns its cash-in-transit vehicles, but funds and valuables remain in Hungary for now
The cash-in-transit vehicles of the state-owned Oschadbank, which were illegally seized in Hungary, were handed over to Oschadbank representatives and Ukrainian diplomats on Thursday. Meanwhile, cash and valuables amounting to $40 million, EUR 35 million, and 9 kg of bank gold remain illegally seized in Hungary.
"The cars, as well as some of the personal belongings of the seven employees of the cash-in-transit team, have finally been returned to their rightful owners by the Hungarian National Tax and Customs Administration (NAV)," Oschadbank reported on Telegram.
At the same time, it was reported that several pieces of equipment were damaged after the cash-in-transit vehicles were returned. "Oshchadbank’s legal representatives conducted a detailed on-site recording of all identified faults. After the vehicles return to Ukraine, an assessment of the damage will be made," the message reads.
At the same time, cash and valuables amounting to $40 million, EUR 35 million and 9 kg of bank gold remain illegally seized in Hungary, Oschadbank emphasized.
Oschadbank stated that it will continue to consistently defend its rights within the framework of its previously announced strategy: protecting the interests of its employees and returning valuables belonging to the state-owned bank. A certain number of legal steps have already been taken.
"Oshchadbank insists that the transportation was carried out legally, in accordance with all norms of international law, and that its rights to the seized funds and valuables are legitimate," the message says.
Oschadbank expressed gratitude to the Ministry of Foreign Affairs of Ukraine, the Ukrainian Embassy in Hungary, and the Ministry of Internal Affairs of Ukraine for their assistance in returning the bank’s property and its employees.
