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Gábor Kőszegi

Businessman who profited from the Covid-era ventilator procurement business

Corruption

Gábor Kőszegi Árpád, a former official at the Hungarian National Trading House, ran SRF Silk Road Fund Holding as its authorized signing manager. On 20 April 2020 - the same day the Foreign Ministry signed a 17-billion-forint contract with Fourcardinal Kft. for 1,000 Chinese ventilators - Silk Road Fund acquired a 10% stake in Fourcardinal in exchange for seven-eighths of its profit. Fourcardinal and Silk Road Fund paid out roughly 18.2 billion forints in dividends to their owners before both were dissolved without a legal successor. Kőszegi is the brother-in-law of Péter Takács, Hungary's current health state secretary, a family link that only became public in 2025-2026 following opposition questions. No evidence has surfaced that Kőszegi or the Takács family personally pocketed any of the billions, which both deny. The case illustrates how opaque pandemic-era health procurement became, repeatedly channeling extraordinary profit through newly founded or newly repurposed intermediary companies that were later dissolved without successor.

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