The issue cannot be ignored since the amount of money “siphoned off from central funds” combined with “illegal gains” made by decision-makers on offshore businesses over the past 25 years would be enough to make up for the lacking funds in the welfare, education, and health care budgets, András Schiffer.

Schiffer noted the recent case of the second politician of ruling Fidesz in Bács-Kiskun county to be implicated in offshore deals, János Kerényi, whose wife, son and business partner have all been revealed to have ties to offshore businesses.

LMP wants strict regulations that prohibit involvement of any state or local government operated companies in offshore businesses and ban any individual with involvement in such businesses from filling any state or local government post, he said.

The party submitted to parliament a relevant bill which the economic affairs committee will discuss next week, Schiffer said. Gergely Gulyás, deputy group leader of Fidesz, said that they are waiting to hear Kerényi’s response to press reports. He called it “inappropriate” in general to own an offshore business.

Source www.hungarymatters.hu - Visit Hungary Matters to sign-up for MTI’s twice-daily newsletter.