Subscribe to our social channels to get the latest news about Hungary!
Socialists: Government bought Athletics Championships plot from bankrupt Quaestor ‘at a steal’
Change language:
The opposition Socialist Party accused the government on Wednesday of purchasing a plot of land in Budapest at well below market price from a now-bankrupt brokerage, Quaestor.
Quaestor went bankrupt in 2015, leaving tens of thousands of small investors with massive losses.
László Szakács, the party’s deputy leader, told a press conference that
the Fidesz government had “reimbursed” a favoured few troubled Quaestor clients by buying the plot “at a steal” one-fifth of its market value with a view to building a stadium for the 2023 World Athletics Championships.
- Budapest to host 2023 World Athletics Championships
- Hungary offers guarantee to support Budapest bid for 2023 Athletics World Championships
István Kalmán-Pikó, who represents Quaestor clients complainants, told the same press conference that the state had bought the plot in central Budapest for 18 billion forints (EUR 54m), while its market value was 100-200 billion forints.