Our objective is to provide English speaking readers interested in Hungary with a well balanced view of political activities in Hungary by featuring contents from various printed and online sources together with our own commentaries. We are convinced that Hungary is built on all sorts of different ideas, thoughts and opinions and, despite of the new Media Law, our aim is to provide an alternative and reliable source of information – contrary to the one-sided press of the government – for those who want to hear the voice of a free Hungary.

Accountability commissioner Budai accuses Bajnai of embezzlement of assets

  • PDF
  • Print
  • E-mail
Those 2003-2004 Hajdú-Bét cases of asset saving maneuvers raise the suspicion of a break-down crime. (Hajdú-Bét was a meat-packing company that belonged to Wallis holding, originally chaired by former prime minister Gordon Bajnai). According to Budai, Bajnai is also responsible for the bankruptcy of Hajdú-Bét. The accountability commissioner closed his investigation and passed the files to National Tax and Revenue Office.
The Bács-Kiskun County Prosecutor’s Office ordered an investigation because of bankruptcy and misuse of power in December 2009. The Tex and Revenue Office’s regional body was appointed for the inquiry.
Hajdú-Bét was one of the largest meat-packing companies in Hungary. Founded in 1992, it became a part of Wallis holding in 1999. Gordon Bajnai was the CEO of Wallis between 1999 and 2005. Hajdú-Bét ran into liquidity problems from 2003 when the crisis hit the poultry and waterfowl market. Hajdú-Bét defaulted on payments to some 600 families in the goose raising business.
The asset saving maneuvers launched by the owner (Wallis) aimed at acquiring Hajdú-Bét’s real estates instead of disbursement towards to the family businesses. That is why they raise the suspicion of bankruptcy crime. The Budai report highlights the responsibility of Bajnai as he had an influence in Hajdú-Bét management. Formerly, Bajnai told Hajdú-Bét management held all the responsibility.
 

Newsletter Subscribe Module







freelogo

We are looking for volunteer English-speaking translators!

Opinion

Written on 16 May 2012, 22.22 by admin
The University of Pécs has closed the investigation into the alleged plagiary of Ferenc Gyurcsány without a conclusive verdict. The Democratic Coalition...
16 0
Written on 16 May 2012, 21.36 by admin
Monday 7 MayGreat news on the foreign front!  Sarkozy was defeated in the French Presidential election! He may call himself a center right...
17 0
Written on 16 May 2012, 20.46 by admin
Nothing is less rational than the opposition not even trying to replace Fidesz. The democratic opposition's task now is to form a new political block....
Written on 16 May 2012, 20.40 by admin
It seems that I was too naive when I thought that a few sentences would be enough for the media when I announced that I would step down and cease my...
20 0
Written on 22 March 2012, 05.44 by admin
Hello All! Thank you for coming! Petőfi would disdain Orbán. And he would have every reason for doing so. Because Orbán does not believe in what Petőfi...
126 0

Visitors Counter

mod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_counter
mod_vvisit_counterToday2074
mod_vvisit_counterYesterday2990
mod_vvisit_counterThis week16626
mod_vvisit_counterLast week20851
mod_vvisit_counterThis month56399
mod_vvisit_counterLast month95026
mod_vvisit_counterAll days771185