Hungarian financial market regulator (PSZAF) last week fined the Soros Fund Management at U.S. $ 2.2 million for the intentional collapse of the shares in the country's largest bank OTP. Sam Mr. Soros insists that nothing is known about the transaction, and states to conduct their own investigation of the incident. However, experts doubt the sincerity of the words of George Soros, knowing his methods of doing business.
According to the results of the investigation PSZAF, 9 Oct., 2008 owned by the famous American billionaire of Hungarian origin George Soros company Soros Fund Management LLC resorted to «spread false signals about the supply, demand and the price of the shares of OTP Bank Nyrt », which was playing short quotations: whereas in the last half-hour stock trading OTP Bank shares fell by 14%, and only one day – at 22%. The attention of the Hungarian supervisory authority attracted by the fact that the same day the company Soros received 390 thousand shares of OTP. The next day, it gave her more than U.S. $ 0.5 million of income.
OTP Bank Nyrt – the largest Hungarian bank, which has offices in eight countries of Eastern Europe, including Russia, and more than 10 million customers. The collapse of his quotes the then Prime Minister Ferenc Dyurchan called «massive attack» on the Hungarian capital. Manipulation was particularly cynical, since at the time of the Hungarian financial crisis has rapidly gained momentum: to prevent the state government had to default, even ask for assistance from the IMF. These factors explained the severity of the decision PSZAF. A fine of $ 2.2 million imposed on the Soros Fund Management, the largest in the history of the Hungarian financial market.
George Soros be otkreschivaetsya from his involvement in the fraud: he argues that for several years does not manage the company directly, and the such a transaction would never be made. In addition, Mr Soros said that currently the fund is carried out an internal investigation of the operation. «I'm terribly sorry about what happened, given all that connects me with Hungary», – apologized George Soros, who was born in Budapest into a family of Hungarian Jews.
However, experts questioned the sincerity of his statements. «I totally rule out the option that Mr. Soros has always gotten in every trifle of its business, may not be aware of the deal – said RBC daily CEO« Finekspertiza »Agvan Mikaelyan. – He has already acted in this way in other markets, and its appeal, I would not take seriously. The only value to George Soros – is money ».
VYACHESLAV LEONOV
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