Siemens investigated in Hungary

History

A Siemens-related police investigation is underway in Hungary, Budapest police confirmed for MTI on Monday.a

Commercial television channel TV2 broadcast a statement by the former manager of the now defunct Satellit TV station, who said that Siemens had offered to support the channel with Ft 1.5 billion on condition that half the money will be returned under the table. He also said that Siemens had gained control of real estate valued at Ft 200 million and was using it to extort the former television official. TV2 also reported that Siemens officials had bribed two employees at the Hungarian defense ministry to get inside information on an open invitation for tenders to remodel and update military barracks.

The Siemens tender was the one accepted. Budapest's District 14-16 police media liaison Pál Unger said they had been investigating the extortion charges since September 8, and that they were still questioning witnesses and collecting data. Twelve senior Siemens employees in Germany have been charged with financial abuses, Munich prosecutors reported on Friday, several of whom were being held in custody. (MTI, Népszava, Napi Gazdaság, Népszabadság)

ADVERTISEMENT

Farm, food industry confidence improves slightly in Q2 Analysis

Farm, food industry confidence improves slightly in Q2

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.