Orbán says Hungary’s national security threatened by “coup” plot aided by international diplomats, media [45]
April 29th, 2009

Another week, another dodgy Socialist real estate deal

The Central Investigation Chief Prosecutor’s Office (Központi Nyomozó Főügyészség) has launched an inquiry into allegations of improper dealings involving the Socialist mayor of Dunaújváros, András Kálmán, index.hu writes, citing Magyar Nemzet. Kálmán, also a Socialist MP, is suspected of involvement in a deal in which a private firm made a quick and dirty profit on a piece of land sold to Korean tire maker Hankook, which was at the time planning a big new factory in the town.

The company, called Pentele Kft, got the plot for Ft 800-Ft 900/sqm, and sold it on for Ft 3,100/sqm to Hankook. Allegedly, the local government sold its share in Pentele shortly before the then-newly-registered company signed a contract to flip the plot to Hankook, causing taxpayers to lose out on potential gains of about Ft 300 million (€1 million). But before you get excited, note that the current investigation is only about whether there are sufficient legal grounds for Kálmán’s immunity from prosecution to be revoked.

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