Corruption in Hungary 'a ticking timebomb'

History

The recent speculation surrounding allegations of corruption by Hungarian officials is now in the hands of the European Anti-Fraud Office (OLAF), which held a hearing in Brussels yesterday regarding the case of Hungarian officials who were banned from entering the U.S.

OLAF declined to comment, saying it could not reveal information on cases it is investigating, or not investigating, portfolio.hu reported yesterday. Hungary’s Former ambassador to Washington András Simonyi said in an interview on ATV that the U.S. would not have made such allegations if they did not have sufficient proof, hvg.hu reported.

Simonyi went on to say that the U.S. was sensitive in its timing in that it chose to carry out the ban only after the Hungarian municipal elections, which were held on October 12. András Horváth a former employee of the Hungarian Tax Authority (NAV) also appeared on the ATV program, saying that the alleged corruption activities could have easily happened without FIDESZ or even Viktor Orbán’s knowledge given that NAV is essentially a state unto itself.

He went on to suggest that NAV is a corrupt system that was serving the interests of oligarchs, large corporations and politicians, hvg.hu added. Horváth believes that the government is sitting on ticking time bomb given the growing number of individuals, including his former colleagues who are now willing to speak out.

ADVERTISEMENT

Surplus of External Trade in Services at EUR 2.69 bln in Q3 Trade

Surplus of External Trade in Services at EUR 2.69 bln in Q3

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Industrial Producer Prices in Hungary up 41.7% y.o.y. in Oct... Manufacturing

Industrial Producer Prices in Hungary up 41.7% y.o.y. in Oct...

Hard Rock Hotel Opens 'Star Chalet' for Winter Season Hotels

Hard Rock Hotel Opens 'Star Chalet' for Winter Season

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.