Hungary's new government under Prime Minister Péter Magyar, which took power after defeating Viktor Orbán in the April 2026 election, has intensified anti-corruption probes against Orbán-era officials through the National Asset Recovery and Protection Office. Recent actions include the November 2026 detention of Orbán's brother in a people-smuggling case and the arrest of multiple former ministers and the ex-central bank chief on graft allegations, alongside seizures of millions in hidden cash tied to bribery schemes. These developments reflect trader focus on whether investigations will expand to formal charges or detention of Orbán himself before year-end. Legal processes, parliamentary immunity considerations, and the short timeline to December 31 limit the near-term likelihood of his arrest, though ongoing inquiries into associates could produce new evidence or procedural shifts.
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