One of Hungary’s richest businessmen faces justice for budget fraud
Dániel Jellinek, one of Hungary’s richest businessmen, faces serious fines and public scrutiny after pleading guilty to budget fraud.
One of Hungary’s richest businessmen convicted
As 444 reports, on 14 January, Dániel Jellinek, one of Hungary’s richest businessmen, was convicted of budget fraud by the Metropolitan Court of Budapest after pleading guilty. Jellinek, along with a criminal organisation led by Zsolt F. Nagymester, orchestrated a scheme where companies linked to them accepted fraudulent invoices with false content. This marks Jellinek’s second offence, as he was previously convicted in a separate case involving EU tender fraud. In this latest case, Jellinek has already paid HUF 100 million (EUR 242,585) for damages and faces an additional fine of HUF 250 million (EUR 606,464).
Shielding his father and colleague
Dániel Jellinek, one of Hungary’s richest businessmen, has taken full responsibility for a budget fraud case that initially implicated his 74-year-old father and a colleague. The allegations, revealed by 24.hu, involved fraudulent activities at Mall Management Ltd. and In-Management Ltd., with charges including budget fraud causing significant financial loss and the use of forged documents.
Jellinek, whose fortune is estimated at nearly HUF 300 billion (EUR 728 million), admitted to the crimes to shield his father and colleague. He stated that the anomalies had been identified and rectified through an internal audit before authorities were involved, ensuring no damage to the state budget. Following the court’s ruling and the payment of a fine, Jellinek expressed his commitment to moving forward and considered the case resolved.
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