Hungarian real estate mogul Jellinek questioned in corruption probe
Tweet
Share
E-mailBUDAPEST, Sept 15 (Reuters) - Daniel Jellinek, one of Hungary's wealthiest businessmen, was questioned by police and prosecutors on Tuesday as part of an investigation into alleged bribery linked to a bus procurement deal, according to prosecutors and his company.
Hungarian prosecutors said they carried out raids at multiple locations and were questioning four suspects, while three people had been detained. They did not identify any of the suspects or give further details.
After local media reports and comments by Prime Minister Peter Magyar about the case, Indotek Group, the real estate firm that Jellinek heads, told Reuters that Jellinek "was brought in by police for questioning on the morning of September 15."
It said he had voluntarily complied with a summons from Hungary's National Bureau of Investigation on September 10 and had remained continuously available to the authorities since.
According to Forbes' 2025 list of the wealthiest Hungarians, Jellinek was seventh, with estimated assets of about 313 billion forints ($988 million).
He has been involved in several large real estate deals including deals with former premier Viktor Orban's son-in-law Istvan Tiborcz. In 2019 Indotek purchased the iconic Hotel Gellert in Budapest and in 2022 sold it to Tiborcz's BDPST Group.
Indotek said Jellinek, the company's CEO, will continue to cooperate fully with the authorities.
"Our firm position is that Mr. Jellinek has not committed any offence in connection with the matter. We are confident that the investigation will confirm this and that the proceedings against him will soon be discontinued. The investigation does not involve any Indotek Group company or asset, and the Group continues to operate without disruption," the company said.
(Reporting by Krisztina Than, editing by Ros Russell)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Meta AI agent triggers heavy selloff in banks, insurers, and travel stocks
- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
- US will either reform IEA on climate issues or leave the group, energy secretary says
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
