Install

Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Hungary Seeks Probe of Gazprom Deal

BUDAPEST, Hungary — The government expressed concern about the sale of Hungary's prime chemical company, suggesting front men had acted on behalf of energy giant Gazprom and organized crime figures might be involved.

The company, BorsodChem, was acquired by a group of Austrian and Russian shareholders suspected of acting on behalf of Gazprom.

"We need to investigate the ownership relations of BorsodChem because the suspicion has arisen that several mediating agents were working on behalf of a single consignor," Prime Minister Viktor Orban said Wednesday on state-run radio. "Given the secrecy surrounding the purchases, the thought may arise whether or not there is perhaps money laundering taking place and thus there may be a link to organized crime."

Government officials did not elaborate on their allegations of money laundering or involvement by underworld figures in the sale.