According to A Válasz Online, the state cannot access Tiborcz's office buildings in Belgrade worth 100 billion forints.
István Tiborcz, son-in-law of the former Prime Minister, has transferred a collection of Belgrade office buildings worth 100 billion HUF into a private equity fund, making them inaccessible to the state. A recent legislative proposal could facilitate the removal of fund managers if an investor holds at least a 60% stake, a possibility the government might pursue. Tiborcz acquired 11 buildings in Belgrade, previously owned by GTC Group, and later transferred to Indotek Group. The Gordiusz Private Equity Fund, initially backed by the Hungarian government, was thought to be the ultimate owner of these properties until Tiborcz switched to the Invalora fund, which also has significant state investment but lacks a 60% state stake. Reports suggest Tiborcz has repaid the state’s investment in the Gordiusz fund, yet state funds remain involved in the Invalora fund.
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