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Hungarian politician accused of hiding money in Belize

Posted: Wednesday, March 28, 2018. 9:00 a.m. CST.

By BBN Staff: Hungarian elected politician and Secretary of State, Zsolt Szabó, has an estimated 1.2 billion dollars stashed away in the Belize Bank.

According to Hungarian media, these monies were funneled through Joyride Enterprises Ltd. by Szabó and his wife.

The Daily Magyar Nemzet, has reported that the 1.2 billion works out to US $ 4,865,000.

Szabo has denied the reports but documents have incriminated him.

He will now have to explain the source of these funds. If he is unable to, or if it is determined that the funds were obtained illegally, he may be in very hot water.

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