The firm had got involved in the preparations of a major public project nearly two years before it won the tender for it, shows a secretly made audio recording obtained by Direkt36.
The firm had got involved in the preparations of a major public project nearly two years before it won the tender for it, shows a secretly made audio recording obtained by Direkt36.
István Tiborcz’s former company owns a high value property in an industrial park that is promoted by the government to investors.
A few months ago, István Tiborcz became a co-owner in a firm belonging to the WHB group, which won several big state tenders in recent years.
Direkt36’s latest investigation revealed how the controversy around the Hungarian Prime Minister’s son-in-law is connected to the Prime Minister’s Office.
The company formerly owned by the son-in-law of the Hungarian prime minister had a blast last year: its revenues skyrocketed to 24,8 million euros, and the current owner, a billionaire businessman took out 3,1 million in dividends. Virtually all the income of the company comes from public procurements and other state commissions.
For years, Endre Hamar was a close business partner of István Tiborcz, the son-in-law of the Hungarian prime minster. Hamar now became one of the first beneficiaries of the new European Union grant cycle, winning multiple public contracts.
Two EU investigations are being conducted into the state contracts that were given to Elios Innovatív under suspicious circumstances. If the wrongdoing is proven, Hungary could face financial penalties.