The former Vice President of the European Investment Bank denied these accusations.

The EU Anti-Fraud Office (OLAF) is investigating allegations of “serious misconduct” committed by the European Investment Bank (EIB) in relation to a €200 million loan given to Budapest Airport, it has been reported. POLITICO.

The document obtained by the newspaper reveals that at the beginning of the month, former European Investment Bank Vice President Vasyl Hudak was questioned in Brussels as a person involved in approving the loan. According to the complaint, Hudak may have personally benefited — that is, received money — from the 2018 loan approval. Hudak has denied the accusations, which he said contained misleading and untrue statements.

The complaint also alleged that the airport expansion, which was financed by the loan, did not meet environmental and social standards. Hodak was not aware of this.

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According to the document, OLAF also asked Hudák whether he influenced the bank's employees such that certain criteria were not taken into account during the loan evaluation process. He called this impossible, because too many people were involved in the decision and EBB employees were already working on the project before he started working as vice president.

Honestly, if I wanted to, I don't know how I would be able to exert any influence

Answered by OLAF.

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