The MNB acknowledged that it does not have the right to directly verify the ownership data of private equity funds

Transparency International Hungary's attempt to identify the actual owners of private equity funds linked to significant public investments yielded no results due to incomplete and inaccurate tax authority records. The organization found that many funds were missing from the tax authority's registry, and existing data was often erroneous. Despite a deadline for updating ownership information, the records remained flawed. The Hungarian National Bank acknowledged the deadline but noted it lacks direct oversight of these funds. The State Audit Office is set to review public investment programs but will not investigate specific cases raised by Transparency International. Several funds linked to prominent figures remain undisclosed, raising concerns about transparency.