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[SITUATION] · [ACTIVE] · [POLITICS]

2 clusters · 11 sources · 3 days · First seen · Last updated

Investigation into Waberer’s state financing

Overview

Minister of Economy and Energy István Kapitány filed a report against unknown perpetrators following an audit of state financial institutions. The report concerns the state financing of the logistics company Waberer’s, specifically involving two bond transactions through the Magyar Fejlesztési Bank (MFB) totaling approximately 77 billion forints.

Minister Kapitány alleged that during a 2026 transaction, the MFB provided financing at a rate below its own cost, potentially creating a budgetary burden of up to 10 billion forints via the interest equalization system. The Minister noted that István Tiborcz had assumed ownership control over Waberer’s by the time of the 2026 transaction.

Authorities have since launched a criminal investigation into potential breach of trust and abuse of office. The probe is examining the roles of the MFB, Eximbank, and MBH Bank in financing the company’s transactions following its 2023 acquisition by Tiborcz. Investigators are reviewing the terms of these loans and their subsequent impact on the state budget.

Entities

Magyar Fejlesztési Bank · István Tiborcz · Eximbank · Waberer's · István Kapitány

Timeline

  1. 1 day ago

    [POLITICS] 4 sources
    Waberer's financing investigation targets potential abuse of office

    Hungarian authorities are investigating potential breach of trust and abuse of office regarding the financing of Waberer's, involving several state-linked banks.

  2. 5 days ago

    [POLITICS] 8 sources
    István Kapitány files report over Waberer’s state financing

    Economy Minister István Kapitány filed a report alleging breach of trust and abuse of office regarding MFB's financing of Waberer’s bonds, potentially costing the state 10 billion forints.

Sources

24.hu · 444.hu · eszakhirnok.com · felvidek.ma · gondola.hu · hang.hu · hirklikk.hu · katalogfirm.pl · klubradio.hu · nepszava.hu · privatbankar.hu