MNCCI CHAIRMAN RUMORED TO BE ON WAY OUT

There is a move afoot to replace Mr. S.Demberel as Chairman of the Mongolian National Chamber of Commerce and Industry, a post he has held since 1998. Officials of the Marketing and Management Institute have said there are several allegations against Mr. Demberel misusing his position for personal gain. He is currently in his third term as MNCCI Chairman and has been vocal in demanding a bigger role for the private sector and has often been critical of the Government’s economic policies.
Among politicians and businessmen who have shown interest in succeeding Mr. Demberel are former President N.Enkhbayar, the Head of Ajnai Corp. Mr. D.Bat-Erdene, and the Director of Buyan LLC, Mr. B.Jargalsaikhan. The MNCCI has 700 members in Ulaanbaatar and its branches have a further 300. It works under a law passed by Parliament in 1995 and meets its expenses from membership fees. Members fall into four groups and annual fees range from MNT300,000 to MNT1 million.

source: www.news.mn

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