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Kosa denies reports he was entrusted with EUR 4.3 bn to buy govt bonds

March 13th, 2018

Lajos Kosa, a minister without portfolio in charge of the government's Modern Cities scheme, has labeled as "fake news" a report by the daily Magyar Nemzet saying that he was entrusted with 4.35 billion euros by a client to buy government bonds. Citing a notarial deed, Magyar Nemzet said on Tuesday that the money was deposited into an FHB Bank account. The document dated January 28, 2013 revealed that Kosa had signed a contract with his client to purchase government bonds from the money and deposit them into his client's investment account. "I've never bought government securities for anyone and never accepted money from anyone," Kosa said when asked to comment on the report at a news conference.


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