The Prosecution Requests a Prison Sentence for Zoltán Varga

Case Details

• The prosecution has charged Zoltán Varga and his associates.
• According to the charges, they sold the shares of Nógrádi Chemical Co. Ltd. for 459.3 million HUF instead of the actual value of 737 million HUF, causing a financial loss of 277.7 million HUF to the funding body.

Defendants

• Zoltán Varga, owner of Central Media Group, and his associates.
• Charged with: Misappropriation causing particularly large financial loss.
• The prosecution requested an executable prison sentence and a financial penalty, along with a ban from company management.

Lawyer's Statement

• Zoltán Varga's lawyer, Gábor Papp, claims his client is innocent and all steps were legal.
• According to the suspicion, the company was sold cheaply, causing a loss to the budget.

Historical Background

• The case started in April 2020 when Varga presented a purchase offer for the aforementioned company.
• During the investigation phase in 2022, a forensic valuation indicated the company was worth more at that time.
• The investigation has been ongoing for three years.

Central Media Group

• One of the largest media companies in Hungary.
• Owns, among others, 24.hu, Nők Lapja, Nosalty, Story, Best, National Geographic magazine.

Consequences

• The indictment was submitted to the Central District Court of Pest.
• Charges as co-perpetrators were brought against three individuals, and as an accessory against one.

Media and Public Opinion

• The case was first reported by HVG.
• The case received significant attention in the Hungarian press.

Further Information

• Additional articles and advertisements are linked to the media company and the prosecutorial procedure.