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Sándor Balogh, the former economic director of the Budapest Water World Cup, who has been under investigation since 2019, has now become a suspect in another criminal case, writes Napi.hu.
According to Blikk, the businessman has now been compromised by the fact that his companies may be involved in a pyramid scheme in Germany.
which caused thousands of euros in damages to thousands of people.
Sándor Balogh has also been surrounded by the Hungarian police for a long time, due to the suspicions of hundreds of millions of guilders in tax fraud and influence buying crimes. However, he allegedly managed to escape the police to Dubai, so they have not yet been able to bring him to justice.
Before that, the businessman was deputy general manager and economic director of the state Bp2017 Kft., Which organizes the World Water Championships in Budapest, and also served as founding president of the Hungarian African Society. In addition, he was the first husband of Andrea Mager, the minister without portfolio responsible for the national wealth in the Orbán government.
In the case of EN Storage, in which Balogh’s name has now been mentioned, the German authorities have been investigating for a long time, and in the criminal case, several people have been sentenced to prison. EN Storage GmbH committed fraud by promising its investors that the sums they received would be used to purchase computer equipment and leased they will make a regular profit for them.
On the contrary, in practice they did not buy anything, they simply reproduced the profits elsewhere.
The only source of income for EN Storage GmbH was the amounts received from investors until the end of 2015 and the beginning of 2016. From the money received, Iván S. transferred about 4.7 million euros to a payment circuit returned to the GmbH, and about 5.7 million euros to the network managed by Sándor Balogh.
However, it is still unknown to which account the proceeds of the fraud were transferred from there, as it has not yet been found in the other convicts.
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