Mongolian courts order detention of former finance minister


(MENAFN) Local media revealed that previous Mongolian finance minister Sangajav Bayartsogt, who is being probed for alleged fraud, has been arrested once again.

Three district courts in the Mongolian capital of Ulan Bator on Wednesday jointly ruled out order to detain Bayartsogt for a month at the prosecutor's request.

Bayartsogt was discharged on bail in June after he had been held in investigative custody for almost two months.

In 2009, Bayartsogt signed a truce on behalf of the Mongolian government with Canada's Ivanhoe Mines on developing the Oyu Tolgoi copper-gold mine, getting a 66-percent controlling stake to the company, which later averted its name to Turquoise Hill Resources and is now majority belong to Australian-British mining giant Rio Tinto.

MENAFN1701201900450000ID1097987646


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.