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29th October, 2018

NAV investigates Tennis Association

Prosecutors ordered the tax authority NAV to investigate the financial affairs of the Tennis Association, suspecting considerable mismanagement of funds, HVG reports.

A member organisation of the Tennis Association turned to prosecutors after a member of the board had set up a company and questionably transferred Ft 1 billion to carry out a special task for the association.

Four of the seven members of the Association’s board of directors have resigned.

The Association has not published decisions made by its board since April 2017.

The state has provided Ft 7 billion to the association in recent years.

Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).

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