£2.6 Million Seizure

Ukraine Urges Caution on Hungary Travel Amid Abductions and Fund Seizures

Due to the alleged abduction of seven Ukrainian nationals and the seizure of property belonging to a Ukrainian state bank in Budapest, Ukraine’s Ministry of Foreign Affairs has issued a travel warning for its citizens to Hungary. The ministry stated it can no longer guarantee the safety of Ukrainians there and advised against transit through Hungarian territory. Businesses were also cautioned about potential arbitrary asset seizure in Hungary, following the detention of a convoy carrying significant amounts of currency and gold by Hungarian authorities.

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Court Seizes $3.3 Million from Andrew Tate for Tax Evasion

A British court ordered the seizure of over £2.6 million ($3.3 million) from Andrew and Tristan Tate to cover unpaid taxes, citing their deliberate evasion of tax obligations. Chief Magistrate Paul Goldspring ruled that the brothers engaged in “a straightforward cheat” of the tax authorities, based on evidence of substantial financial transactions and a history of non-payment. The court found that the Tates failed to pay taxes on £21 million in revenue from their online businesses between 2014 and 2022. The Tates, who deny all wrongdoing, plan to appeal the decision.

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