Police have exposed a money laundering ring which caused hundreds of millions of forints’ damages by legalising the profits of illegal activities, mostly fraud, police said. The authorities clamped down on the ring on Tuesday, in a coordinated operation involving some 200 policemen and the counterterrorism centre (TEK) in the central Hungarian city of Szolnok and surrounding villages. The police seized assets to the tune of 850 million forints (EUR 2.6m) and arrested three men. Altogether 13 have been charged, they said.