Hungary files a criminal complaint over $965M COVID-19 ventilator deal, citing possible fraud
Summary
Hungary’s government has filed a criminal complaint about possible fraud in a $965 million ventilator purchase made during the COVID-19 pandemic. An investigation found concerns about misuse of funds, involvement of middlemen, defective ventilators, and the role of former officials.Key Facts
- Hungary bought about 17,000 ventilators from China in early 2020.
- The purchase cost roughly $965 million, raising questions about overpayment.
- An investigation revealed possible breach of duty and financial loss.
- Many ventilators were bought through middlemen companies that made large profits.
- Some ventilators did not work properly, and many were never used.
- Storing unused machines cost Hungary millions of dollars.
- Former Foreign Minister Péter Szijjártó, involved in the deal, left parliament to work for Chinese carmaker BYD.
- The government is also investigating BYD’s investments in Hungary during Szijjártó’s time in office.
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