Hungary’s new government under Prime Minister Péter Magyar, which took power after defeating Viktor Orbán in the April 2026 election, has intensified corruption investigations into the former prime minister’s 16-year tenure through “Operation Cleansing Fire.” Multiple Orbán-era officials, including former ministers and central bank governor György Matolcsy, have been detained on graft and bribery charges, while Orbán’s brother Áron was taken into custody in November 2026 as part of a people-smuggling probe tied to expedited residence permits. Ongoing inquiries also examine Orbán’s alleged personal involvement in a March 2026 incident involving Ukrainian bank assets. Orbán has described the actions as political persecution targeting him and his associates. These developments, combined with the short timeline remaining in 2026, shape trader assessments of whether authorities will formally arrest the former prime minister before year-end.