Belföld same in english

NER-billionaire and a straw owner suspected behind acquisition of one of Hungary’s largest walnut plantations

Varga Jennifer / 24.hu
Varga Jennifer / 24.hu
  • A criminal investigation is underway over the illegal acquisition of agricultural land: according to the charges, the Bakony region plots were transferred into the name of a straw owner. According to the main players in the case, the loan for the transaction was provided by Tibor Kuna, a former favorite PR professional of Fidesz who fell out of favor a few years ago, but he denies this.
  • In 2019, part of one of Hungary’s largest walnut plantations, including a 5,000-square-meter processing facility built by the owner for around one billion forints, was auctioned off.
  • The land, situated in the Bakony Mountains, was acquired for just 252 million forints by a local resident who had registered in the farmers’ registry shortly before the auction, thereby becoming eligible to purchase it.
  • In the wake of the events, two men have been charged by the prosecution for unlawful acquisition of farmland. The prosecution views the local farmer as a straw owner in the case.
  • A credit line of 1.2 billion forints was secured for the transaction, part of which was reportedly provided by billionaire businessman Tibor Kuna, Fidesz’s former favourite PR-professional, who fell out of favour with the government a few years ago. However, Kuna denies involvement.
  • Previously, Kuna sold all his Hungarian companies except one: Diósliget Ltd., which is engaged in walnut farming in a small village in Borsod County.

The trial of a rather peculiar case began in mid-October at the Győr District Court. The prosecution accuses two individuals of unlawfully acquiring a portion of one of Hungary’s largest walnut plantations – 24.hu has learned.

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