Hungary’s Next Premier Warns Investors to Shun Orban-Tied Assets
- Incoming Hungarian Prime Minister Péter Magyar accused oligarchs close to Viktor Orbán of siphoning tens of billions of euros out of Hungary as they prepare to flee abroad, with some families already leaving for countries like Dubai, the UAE, Uruguay, and the US.
- Some individuals allegedly withdrew their children from schools and hired private security as precautions while leaving for countries without extradition treaties.
- Magyar called on Hungarian authorities to freeze illegally acquired assets and arrest those responsible for causing financial damage before his government takes office in May.
- Orbán's resignation and electoral defeat ended his veto of a €90-billion EU loan for Ukraine, altering regional dynamics.
22 Articles
22 Articles
The newspaper writes that private planes are constantly taking off from Vienna.
FOLLOWING Viktor Orbán's election defeat, his close associates are reportedly panicking and moving their wealth abroad. New Prime Minister Péter Magyar is calling for an end to the flight and the return of assets.
Hungary's incoming PM says Orbán-linked oligarchs are moving funds to Uruguay and other destinations
Hungary's incoming prime minister, Péter Magyar, alleged on Saturday that oligarchs linked to outgoing leader Viktor Orbán are transferring “tens of billions” of forints to Uruguay, the United Arab Emirates, the United States, and “other distant countries,” in what he described as a coordinated operation to move capital out of the country ahead of the government transition scheduled for May 9.
Hungary's next prime minister, Péter Magyar, has called on authorities to prevent the export of assets of oligarchs linked to Viktor Orbán's outgoing government. Magyar said Orbán had abandoned a sinking ship and the ground had become too hot for his janissaries.
Where and how are Viktor Orbán's oligarchs planning their escape? The entourage of former Hungarian Prime Minister Viktor Orbán is massively transferring billions in assets to the UAE, the US, and Uruguay, while oligarch families are fleeing Hungary. This was reported by RBC-Ukraine, citing a statement by future Hungarian Prime Minister Péter Magyar. Read also: Life after Orbán: Who will be Putin's new agent in the EU? Capital withdrawal and ass…
Coverage Details
Bias Distribution
- 89% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
