Mabofi won its case in the Metropolitan Court of Budapest overturning the approval by the Hungarian Energy Office (MEH) of the fraudulent transfer of Emfesz to Rosgas, Mabofi said in a press statement on 20 January.

"We are delighted that the Hungarian Courts have now confirmed what we have always maintained, that the acquisition last year of Emfesz by Rosgas for $1 was illegal and that it should never have been approved by the MEH. We regard the court ruling as a major step towards our eventual recovery of Emfesz,” Mabofi Director David Brown said on 20 January, commenting on the court’s ruling. “We are also continuing to work closely with the Hungarian police authorities in their ongoing criminal investigation of the role of Emfesz Director Mr Istvan Goczi in this fraud," he said.