Hungarian Ex-PM Viktor Orban's Son-in-Law Restructured €270mn Belgrade Office Portfolio Before Election
6 Articles
6 Articles
Hungarian ex-PM Viktor Orban's son-in-law restructured €270mn Belgrade office portfolio before election
Credit: Facebook/Viktor OrbanOwnership restructuring by Istvan Tiborcz appears to make it harder for the state to reclaim assets linked to earlier public investments, investigative news outlet Valasz Online found.
The government is working hard to recover assets outsourced under the previous system, but there are also setbacks, writes Válasz Online. According to the newspaper's research, István Tiborcz managed to restructure a 100 billion-forty-nine-dollar Belgrade office building portfolio before the elections in such a way that the state can hardly access it anymore.
The ultimate owner private equity fund no longer has the necessary state share to take control.
He transferred the wealth into a private equity fund that is untouchable by the government.
They filled the NER private equity funds with public money, which operated in an opaque obscurity.
Although the President of the Republic sent the most important law on the dismantling of the National Economic and Social Fund (NER) for regulatory review on Monday, it seems certain that the government will soon attempt to “reclaim” MBH Bank from Lőrinc Mészáros (András Baka did not object to the passages referring to this). The cabinet will probably also find a way to take over the management of the private equity funds that were filled with p…
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