One Hungarian found guilty in Bunge corruption scandal

Issues

A Hungarian man was found guilty as an accessory to corruption and was handed a two-year suspended prison sentence yesterday, according to American newspaper The Gazette. The man was accused of offering tax breaks and other incentives to an employee of the American food company Bunge amounting to HUF 2 billion.

The defendant, Viktor András T., was prosecuted after the United States prevented Hungarian officials suspected of corruption from traveling to the country, including former tax authority chief Ildikó Vida, who denied any wrongdoing, and resigned from her position months after the scandal broke due to “family reasons”. 

Bunge reported the bribery solicitations to the U.S. government after declining the offer.

While the prosecutors named András T. the architect of the bribery scheme, the court stated that it believed the true leader was yet to be discovered.

The verdict was appealed by the defense and the prosecution.

Hungary Account Deficit at EUR 561 mln in Q4 Debt

Hungary Account Deficit at EUR 561 mln in Q4

Moldovan Pensions to be Increased as of April 1 World

Moldovan Pensions to be Increased as of April 1

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic... Appointments

Schoenherr Names Miklós Klenanc as Head of Local M&A Practic...

Hungarian Wine Marketing Agency to Host Summit Drinks

Hungarian Wine Marketing Agency to Host Summit

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.