Dániel Jellinek

Dániel Jellinek, CEO of the Indotek Group, ranked as Hungary's 11th richest person on Forbes's 2021 list, with a fortune of roughly 140 billion forints. According to an Átlátszó investigation, figures linked to the NER political-business elite - including Jellinek - increasingly hide behind private equity fund managers instead of offshore companies to obscure real beneficial ownership: Jellinek, through Tarragona Holding, acquired Diófa Alapkezelő Zrt. from Takarékbank, which manages three funds (Nivala, Gordiusz, Főnix), while Indotek-Investments Alapkezelő Zrt., also under his control, runs three further funds (Lindewitt, Indotek-Ventures Alpha, Riverland). Through several layers of ownership - via the Kante Awa and Appeninn Nyrt. (Indotek Group) holding companies - Jellinek is also the ultimate owner of the Grand Hotel/Minaro Hotel Tokaj project, which, according to the official tender announcement, received 2,999,999,890 forints in state support through the Kisfaludy tourism-development program, while the Hungarian Tourism Agency's own website lists 3.4 billion forints in support and 5.8 billion forints in total costs for the same project — the two official sources do not match. No criminal proceedings have been brought against Jellinek; his business activity takes place within legal structures, through officially registered fund managers and companies.