Hungary’s National Tax and Customs Administration (NAV) has closed its money laundering investigation into the cash and gold seized from a Ukrainian Oschadbank convoy in March, finding no crime was committed, Dr. Lóránt Horváth, the bank’s lead attorney, wrote in a post on Wednesday, Aug. 19.NAV’s Central Investigation Department terminated the case, which had been opened under Article 399 of Hungary’s Criminal Code covering money laundering, the post said.JOIN US ON TELEGRAMFollow our coverage of the war on the @Kyivpost_official.Hungary’s Counter-Terrorism Centre intercepted two Oschadbank armored vehicles near Budapest on March 5, carrying $40 million in cash, €35 million (around $38 million), and 9 kilograms (19.8 pounds) of gold en route from Raiffeisen’s Vienna headquarters to Kyiv. Seven Ukrainian employees were detained and later deported, though their deportation orders and Schengen bans were canceled in May.Investigators concluded the banknotes and gold intercepted near Budapest in March originated from an interbank transaction between Raiffeisen Bank International AG and JSC Oschadbank. Raiffeisen documented the origin of the currency and precious metals it sold, as well as Oschadbank’s payment for them, according to the post.The evidence gathered during the probe confirmed the assets did not stem from a criminal act, the post said, and raised no doubts about their lawful source. NAV found the case lacked the statutory elements of a crime, and no other criminal suspicion arose.