We Revealed: Four Front Companies Secretly Generated 125 Billion for the Tiborcz Circle
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One of the significant donors of the dividend priority billions migrating to the Tiborcz circle was Attila Balázs, the paving stone and gravel king, from whom the Tisza cabinet is demanding 300 billion forints for the Zugló office district investment, writes Válasz Online.
In addition to operating the BDPST group and almost two dozen private equity funds, István Tiborcz’s circle also used at least four “empty” joint-stock companies – typically for embezzlement. According to a summary by Válasz Online, the owners extracted 125 billion forints from these shell companies over a few years – using dividend priority techniques. The money came from the NER elite and the state, affecting actors such as […]
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