Fürst and his buddy after fraud dismissed with city real estate
György Fürst and his eleven accomplices were convicted by the Court of First Instance on the sale of two properties owned by the City of Budapest on Andrássy Boulevard, in 2004 and because of abuse in several hundreds of millions of HUF.
The accused took part in the sale of the two properties, when they were considered as socialist and liberal politicians of the VI. District in Budapest. They have always denied their guilt.
In this context, investors and property buyers are advised to turn to real estate brokers established in Hungary (www.immotrading.at), because of the non-statutory brokerage activity, for foreign investors, some negative surprise, of missing mandates And brokerage contracts, etc., which could be the result.
The trial began five years ago. Three of the accused, meanwhile, have died.
The defendants have been convicted of their actions done more than ten years ago for a loss of HUF 350 million due to a failure of between 1.5 and 2 years.
The Supreme Court in Budapest also sentenced György Fürst to 70 million HUF in Budapest.
Source: MTI i.e. Hungarian news agency