OLAF investigates Orbán’s son-in-lawʼs former company

Competition

The European Commission’s Anti-Fraud Investigation Office (OLAF), which investigates fraud affecting the EU budget, as well as corruption and serious misconduct within European Union institutions, is currently investigating Elios Innovatív Zrt., a company formerly owned by Prime Minister Viktor Orbán’s son-in-law István Tiborcz, index.hu reported today. 

The Hungarian police’s anti-corruption office also launched an investigation earlier this year of Elios regarding a series of public procurement tenders won by the company. At that time, the company was still indirectly owned by Tiborcz through Green Investment & Solutions Kft,, which he sold in May 2015 to WHB Befektetési Kft.

Elios Innovatív Zrt.ʼs primary area of business includes the upgrade of public lighting systems. 

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