A company co-owned by businessmen close to both the Turkish and the Hungarian governments made billions on importing Turkish armored vehicles, but last year the firm's revenues plummeted.

Previously, the manufacturer was owned by the Hungarian Defence Minister, and is connected to MOL, and a company called Magyar Vagon, known for its ties to Russia's Transmasholding.

The quantity and price are unknown because the govt has classified the Turkish purchases for 30 years.

The Hungarian Defence Forces are doing business with Turkish military companies through an intermediary owned by government-friendly Hungarian and Turkish businessmen.

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