Hungarian Minister Lajos Kósa disposed over 4.3 bn EUR

According to a report by daily Magyar Nemzet, Lajos Kósa, minister without portfolio in charge of the government’s Modern Cities scheme was entrusted to buy government bonds for more than 4 bn EUR. In fact, this sum is more than Montenegro’s total state budget and equals the money Hungary spends on health care. Furthermore, an average Hungarian has to work for such an income for 541,000 years. Kósa denies and calls the report fake news, but admits that the notarial deed Magyar Nemzet published is real. Magyar Nemzet will release new information tomorrow.

Skeletons in the closet

To start with, government members are under attack lately regarding their spending and luxurious travels. Lastly, documents, photos and videos were made public about

deputy PM Zsolt Semjén’s hunting in Sweden for more than 500,000 EUR.

Now Lajos Kósa has to explain a notarial deed from 2013 which authorised him to buy government bonds for 4.3 bn EUR. According to the document, this sum was deposited into an FHB Bank account. However, the minister could withdraw and transfer money. Moreover, he was authorised to manage the bank account, but he could not cancel it.

Government-close PestiSrácok and origo.hu impeached the document claiming that there is no signature and stamp on it. However, Magyar Nemzet made the full document public later. Thus, it has become clear that it is not phoney and was made in Ádám Tóth’s Notary Public Office.

Answering a question of Magyar Nemzet, Kósa did not deny that its authenticity. However, he said on a press conference today that