Hungary: Probe into state Eximbank on suspicion of corruption
Hungarian Prime Minister Peter Magyar has set himself the goal of uncovering the suspected mismanagement under the previous government. The investigations concern four cases at Eximbank.
Hungarian authorities have launched a criminal investigation into alleged abuse of power and mismanagement at state-owned Eximbank. The probe is the latest effort by Prime Minister Peter Magyar's government to uncover suspected corruption under the previous administration. Investigators seized thousands of pages of internal documents from the Ministry of Economy, which may provide additional evidence for the cases under investigation, including a €1 billion loan to North Macedonia with a 3.25% interest rate and full state guarantee.
The loan was reported to have potentially diverted funds meant for Hungarian companies to support a foreign political ally and benefited firms close to the former government.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
