The employees were in two cars carrying $80m (£60m) worth of cash between Austria and Ukraine.

The employees were in two cars carrying $80m (£60m) worth of cash between Austria and Ukraine.

They were carrying US$40 million (S$51.1 million), €35 million (S$51.8 million) and 9kg of gold. Read more at straitstimes.com. Read more at straitstimes.com.

Ukrainian Foreign Minister Andrii Sybiha has accused Hungary of detaining seven Ukrainian citizens in Budapest, describing the situation as hostage-taking and alleging that large sums of money and valuables were seized. The individuals are employees of the state-owned Oschadbank who were transporting funds and precious metals between Austria and Ukraine as part of routine banking transfers.

Hungary says it has detained seven Ukrainians working for a state bank and seized armored vehicles full of cash, setting off a sharp dispute with Kyiv.

Ukraine accuses Hungary of detaining bank employees carrying $82 million, escalating tensions amid an oil dispute between the countries.

Ukraine accuses Hungary of detaining bank employees carrying $82 million, escalating tensions amid an oil dispute between the countries.

Hungarian authorities have detained seven Ukrainian citizens, including a former Ukrainian intelligence officer, and seized two armored cars carrying large amounts of cash across Hungary on suspicion

Hungarian authorities have detained seven Ukrainian citizens, including a former Ukrainian intelligence officer, and seized two armored cars carrying large amounts of cash across Hungary on suspicion

Kyiv denounces Budapest’s “state terrorism and racketeering” after cash convoy and seven employees detained.