The Chief Prosecutor’s Office of Budapest has called a halt to its investigation into a corruption scandal that led two years ago to a ban on travel to the US for six Hungarian officials, local press reported on June 9.
The office says it has done all it can to probe the case, which centres on demands for bribes from US food company Bunge, despite fingering just one middleman. Critics claim a lack of independence at the prosecutor’s office, and note that five of the Hungarian officials banned from the US have still not been named.
The US government imposed entry bans on the officials in 2014 due to evidence of corruption. The names of the officials were not released, but former tax authority chief Ildiko Vida admitted she was one of those banned.
After more than a year-long investigation, the prosecutor’s office accused Viktor Andras T. of soliciting HUF2bn (€6.42mn) from Bunge – an American food company based in Hungary - in return for using his influence to lower the VAT on cooking oil from 27% to 5%. The suspect referred to his ties with Peter Heim, head of pro-government market research firm Szazadveg.
While the municipal court handed a two-year suspended prison sentence to the suspect on June 7, it also stated that the man only acted as an intermediary, and the true leader of the bribery scheme is yet to be discovered.
The prosecutor’s office, however, told local Magyar Nemzet on June 9 that it would not continue the investigation, as it had already done everything it could in order to find the leader of the bribery scheme. The investigators admitted that it had not tapped the phone calls of the suspect, which is a standard practice in bribery cases.
On June 7, small opposition party Egyutt filed a complaint against persons unknown connected to the Bunge scandal, while the far-right Jobbik called on ruling party Fidesz and Szazadveg to provide a clarification.
Union leaders are preparing for the first country-wide strike at Tesco stores in Hungary, which has unanimous support from workers, local media reported on September 4. This is just the latest in ... more
The Moscow-based International Investment Bank (IIB) announced on August 9 that it has signed off on its debut credit facility in Hungary. The Russian-led IIB decided around five years ... more
Manufacturers in Central Europe reported a step back in activity and confidence in July, purchasing managers’ indices (PMI) released by IHS Markit on August 1 showed. While, the indicators still ... more