Police closed investigation into Hungarian Court Bailiffs' Association property matter linked to Rogán circle for second time
Police have again terminated an investigation into the Hungarian Court Bailiffs' Association on suspicion of breach of trust. The properties in question were transferred to companies linked to Antal Rogán's former cabinet chief.
Investigation into bailiffs' association property matters closed twice
Police have terminated for the second time an investigation into the Hungarian Court Bailiffs' Association conducted on suspicion of breach of trust – as reported by hvg.hu, which nepszava.hu also cites.
The first proceeding was closed in 2023 on the grounds that although the property sales caused financial loss, no criminal offence had occurred. The superior prosecutor's office rejected this: it did not consider the investigative steps taken to date as comprehensive, and ordered the proceedings to continue. In the second round, the authority cited a lack of evidence – according to them, the available data and evidence could not establish whether a criminal offence had been committed. This proceeding was closed last year.
The matter concerns two properties sold in autumn 2021. The three-storey listed building on Váci Street had a book value of 284 million forints in 2021, yet was ultimately sold for 142 million forints. The expert appointed by police estimated the value at the time of sale at 199.5 million forints – which exceeds the purchase price by 57.5 million forints. The office building on Szegedi Street was acquired in 2018 by one of the bailiffs' association's companies for 490 million forints, then sold in 2021 for just 248 million forints despite a 285.8 million forint valuation. The combined financial loss from the two transactions could be at least 95 million but as much as 384 million forints.
The property on Szegedi Street was acquired by NADAN Property Kft., whose owner was Ádám Nagy – cabinet chief to then-minister Antal Rogán and godfather to one of his children. The building on Váci Street was purchased by Balázs Lotharidesz's company, MONK Property Kft. The two companies shared the same accountant and were both founded by the same lawyer.
In the first termination order, investigators recorded that there were no circumstances that would have forced the bailiffs' association to sell at below market price, and suspicion of breach of trust had arisen. NADAN Property Kft. reported revenues of 10.82 million forints alongside a loss of 74.15 million forints; the 2025 statement has not yet been filed.
Source: Google News HU — Crime (hu)