Daily News | Nov 9, 2018 | 0
Socialists raise charges over state’s loss of dominant position in Magyar Posta
Budapest, July 18 (MTI) – The opposition Socialist Party has turned to the public prosecutor with a complaint that the government has allowed itself to lose it dominant position as a shareholder in one of Hungary’s biggest companies, Magyar Posta.
László Szakács, the party’s deputy group leader, told a press conference on Monday that it was raising charges against unidentified perpetrators. Whereas the state’s share worth 14 billion forints has not changed, the proportion of shares held by others has, meaning that the state no longer possesses its full management rights.
This raises suspicion of misappropriation and mismanagement as well as abuse of office, he said, adding that it appeared the ministry of national development and the prime minister’s office had bypassed the law on assets.
By law, the state must hold shares worth at least 75 percent plus one share, since the postal service is designated as a company of national importance, the opposition politician said, adding that the current situation exclusively served the interests of certain private investors connected with people close to the government.