Hungary returns Oschadbank armored vans

Nation

13 March, 12:18 AM

Hungary has returned two armored cash-collection vehicles seized from Ukraine’s state-owned Oschadbank last week, the bank said on March 12.

The statement added the cash and gold that had been transported in the vehicles remain under seizure.

After the vehicles were returned, Oschadbank reported multiple instances of damaged equipment. Bank lawyers on site documented the faults in detail; the bank said it will assess the full extent of the damage after the vehicles are transported back to Ukraine.

Photo: Oschadbank

The National Tax and Customs Administration of Hungary (NAV) handed over the vehicles and some personal belongings of seven members of the cash-collection crew, the bank said.

“Oschadbank thanks the Ministry of Foreign Affairs of Ukraine, the Embassy of Ukraine in Hungary, and the Ministry of Internal Affairs of Ukraine for their assistance in returning the bank’s property and its employees,” the statement said.

Oschadbank said it will continue to defend its rights and those of its employees, including through legal steps already taken to recover the seized valuables. It said the shipment was made under an international agreement between Oschadbank and Raiffeisen Bank Austria and was documented in accordance with international standards and EU customs procedures.

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