Hungary investigates deal with China’s BYD after ex-foreign minister takes job there
The News
Hungary's government launched an investigation into a large foreign investment by Chinese electric carmaker BYD, which was negotiated by former foreign minister Peter Szijjarto. Szijjarto resigned from parliament last Wednesday to take an executive role at BYD, triggering accusations of a conflict of interest over his involvement in arranging substantial government subsidies for the company. The case raises concerns about the propriety of public funds used in the deal.
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Government investigation into investment deal
Hungary's government announced an investigation into a large foreign investment by Chinese carmaker BYD negotiated by former foreign minister Peter Szijjarto.
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4 unresolved.
Key findings
Peter Szijjarto resigned from parliament last Wednesday to take an executive position at BYD.
South China Morning Post- Government investigation into investment deal
- Accusations of conflict of interest against former minister
Plain English
Loaded language removedHungary’s government announced an investigation on Monday into a large foreign investment by Chinese carmaker BYD negotiated by a former foreign minister who last week resigned from parliament to take an executive position at the company.
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Claims
Peter Szijjarto resigned from parliament last Wednesday to take an executive position at BYD.
South China Morning PostBYD is the world's top electric carmaker.
South China Morning PostHungary's government announced an investigation into a large foreign investment by Chinese carmaker BYD negotiated by former foreign minister Peter Szijjarto.
South China Morning PostAccusations of a conflict of interest were made regarding Szijjarto's role in organizing substantial government subsidies to BYD.
South China Morning Post