Hungary's Corruption Crisis: The €20 Billion Heist Exposed
Imagine a country where the ruling elite siphon off billions in taxpayer money, exploiting loopholes and offshore banking to conceal their illicit profits. Welcome to Hungary, where the Orbán regime's crony capitalism has reached catastrophic levels.
Péter Magyar's explosive allegations that Viktor Orbán's oligarchs have stolen at least €20 billion since 2010 have been corroborated by a damning report from the Hungarian Civil Liberties Union (HCLU). The report reveals how Orbán's allies exploited their connections to secure lucrative government contracts and EU funding, with a critical role played by companies linked to the energy and construction sectors.
But it's not just a case of corruption – it's a carefully constructed web of deceit, with the Paks Nuclear Power Plant expansion serving as a prime example. EU funding worth €1.3 billion was squandered on a sweetheart deal for MVM Group, a company linked to Orbán's ally Lajos Simicska, without a competitive tender process.
To uncover the full extent of this corruption crisis, read our in-depth exposé, which includes the technical details and insights you need to understand the anatomy of crony capitalism in Hungary. Get the full story here
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