DistantNews
Hungary's New PM Accuses Orbán Allies of 'Panic Flight' of Billions to Dubai

Hungary's New PM Accuses Orbán Allies of 'Panic Flight' of Billions to Dubai

From Večernji List · (6h ago) Croatian Critical tone

Translated from Croatian, summarized and contextualized by DistantNews.

TLDR

  • Hungary's new interim Prime Minister Péter Magyar has accused allies of former Prime Minister Viktor Orbán of a "panic flight" of capital.
  • Magyar claims billions of forints are being moved abroad to destinations like the UAE, US, and Uruguay, with assets being sold off at below-market prices.
  • He specifically named Lőrinc Mészáros, a close associate of Orbán and owner of NK Osijek, as preparing to flee to Dubai, and warned investors against buying assets from Orbán's circle.

Hungary is facing a dramatic political and economic upheaval as new interim Prime Minister Péter Magyar levels explosive accusations against the outgoing government's inner circle. In a stark video message, Magyar detailed what he termed a "panic flight" of capital, alleging that oligarchs closely tied to the defeated Viktor Orbán are desperately moving billions of forints out of the country. Destinations like the United Arab Emirates, the United States, and Uruguay are reportedly being used to stash this wealth, as assets are hastily sold off at significantly reduced prices.

Orban-linked oligarchs are transferring tens of billions of forints to the United Arab Emirates, the United States, Uruguay, and other distant countries. I am aware that Hungary’s National Tax and Customs Administration (NAV), based on reports from banks, has suspended several…

— Magyar PéterAnnouncing his accusations of capital flight by allies of Viktor Orbán.

The accusations strike at the heart of Orbán's long-standing power structure. Magyar specifically pointed to Lőrinc Mészáros, Orbán's former gas fitter turned richest Hungarian and owner of the Croatian football club NK Osijek, as preparing to relocate to Dubai with his family. Reports suggest that some families within Orbán's circle have already withdrawn their children from schools and are arranging private security, signaling a potential exodus. This alleged coordinated effort to extract wealth before a formal power transition raises serious questions about the stability and future of Hungary's economy.

Tvrdi da Orbanovi oligarsi panično rasprodaju imovinu i iznose milijarde iz zemlje, a među njima je i vlasnik NK Osijeka

— Péter MagyarAccusing Orbán's oligarchs of panic selling assets and moving billions out of the country, including the owner of NK Osijek.

Magyar's claims extend to alleged institutional complicity, stating that Hungary's National Tax and Customs Administration (NAV) has suspended several transactions linked to Minister Antal Rogán's associates after banks flagged suspicious activities. He has publicly urged prosecutors and police to freeze illicitly acquired assets and prevent those responsible from fleeing. However, it is crucial to note that these dramatic assertions remain unconfirmed by independent sources. The Mészáros Group has issued a statement emphasizing their role as a major employer and a key player in the Hungarian economy, regardless of the political climate, attempting to downplay the severity of the allegations.

Magyar navodi da se najbogatiji Mađar sa svojom obitelji sprema za odlazak u Dubai.

— Péter MagyarSpecifically naming Lőrinc Mészáros, the richest Hungarian and owner of NK Osijek, as preparing to move to Dubai.
DistantNews Editorial

Originally published by Večernji List in Croatian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.