István Tiborcz’s company did not have to lay a single row of bricks, yet a hotel investment project in the Danube Bend (Visegrád) brought them a billion forint profit. The Prime Minister’s son in law acquired the land and the half finished hotel building in 2017. The project was originally started by an Irish company with a multi-billion forint loan from a state-owned Hungarian bank, MKB. The company went bankrupt following the economic crisis and later the bank sold the claim and as part of it, the hotel project, located in the middle of a protected forest. The hotel building is now owned by a capital fund connected to László Szíjj, a businessman who has benefited from many public contracts and who is currently the fourth richest Hungarian according to Forbes. Our drone video shows how business circles close to the government are getting into position not only around Lake Balaton, but also along the scenic locations by the river Danube.
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