Billions Lost In Sale Of Moscow Building

  • 3 May 2010 4:00 AM
Billions Lost In Sale Of Moscow Building
"The Hungarian state lost at least Ft 10 billion because of the sale of the commercial representation building in Moscow, secret services and Foreign Ministry documents obtained by Magyar Nemzet reveal.

A summary drawn up by the National Security Office dated March 16, 2010 states that “unidentified people sold the Hungarian trade representation in Moscow years before the conclusion of a contract”.

The secret service said a number of irregularities were committed in the transaction as the sale price was Ft 4 billion, when the real value of the property was Ft 15-20 billion."

Source: Hungary Around the Clock.

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