Story perspectives

Balasy Hands Media Firms to New Govt Amid Corruption Probe

5/6/2026

Summary

Story summary

Gyula Balasy said he will hand over his media companies to the incoming administration, denying attempt to conceal wrongdoing.
Hungarian police are investigating Balasy’s firms for misappropriation and money laundering, freezing their accounts while Transparency International reported they received 295 billion forints ($960.38 million) in state contracts 2019-2021.
Prime Minister-designate Peter Magyar, sworn in May 9, pledged to fight corruption after a tax authority’s NAV unit linked Balasy’s firms to blocked overseas transfers.

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Story summary

Gyula Balasy said he will hand over his media companies to the incoming administration, denying attempt to conceal wrongdoing.
Hungarian police are investigating Balasy’s firms for misappropriation and money laundering, freezing their accounts while Transparency International reported they received 295 billion forints ($960.38 million) in state contracts 2019-2021.
Prime Minister-designate Peter Magyar, sworn in May 9, pledged to fight corruption after a tax authority’s NAV unit linked Balasy’s firms to blocked overseas transfers.