Hungary: Investigation Links Billions in Foundations to Former Minister's Family

An investigation published by Hungarian news website Telex and reported by broadcaster ATV has uncovered a network of asset management foundations holding some 4.1 billion forints that links the business circle of former Hungarian minister Miklós Seszták to his family.

According to the reports, significant assets were placed under the control of Seszták's daughter through entities in Cyprus and Canada, with two foundations under her supervision. One of the foundations was established after an official investigation had already been launched against the former minister.

Further details regarding the investigation findings and official responses from those involved have not yet been released.