Mongolian court extends ex-finance minister's detention over alleged abuse of power

ULAN BATOR, May 15 (Xinhua) -- A Mongolian court on Tuesday extended the detention of a former finance minister held in custody for alledged abuse of power in a large mining deal after prosecutors demanded more time to investigate the case.
Ulan Bator's Chingeltei District Court extended Sangajav Bayartsogt's custody by an additional month once his current detention period expires on Wednesday.
Bayartsogt signed an agreement on behalf of Mongolia with Canada's Ivanhoe Mines in 2009 to develop Oyu Tolgoi copper-gold mine, granting a 66-percent controlling stake to the company.
Ivanhoe Mines subsequently changed its name to Turquoise Hill Resources and is now majority owned by Australian-British mining giant Rio Tinto.
The Independent Agency Against Corruption, Mongolia's top anti-corruption body alleged that Bayartsogt used his influence and position to provide the other parties to the agreement an advantage in negotiations.
Mongolia's two former prime ministers, Sanjaa Bayar and Chimed Saikhanbileg, are also in custody over corruption allegations in the mining deal.
Mongolian government signed the original 2009 investment agreement during Bayar's term, as well as the financing arrangement of the deal was revised in 2015 during Saikhanbileg's term.
The Oyu Tolgoi copper-gold mine, located in the South Gobi Desert of Mongolia, 80 km north of Mongolia's border with China, is expected to produce an average of 430,000 tons of copper and 425,000 ounces (about 12,050 kg) of gold annually for 20 years.

Source:Xinhua news agency
Share:

0 comments:

Post a Comment

Facebook page

Powered by Blogger.

Categories

Advertising in Mongolia An Asian Development Bank Culture Editorial of the Mongolianviews education Environmental protection Famous Mongolians Foreigners in Mongolia Inner Mongolia Ivanhoe Mines Mongolia agriculture Mongolia analysis Mongolia and Armenia Mongolia and Asian Development Bank Mongolia and Australia Mongolia and Azerbaijan Mongolia and Belorussia Mongolia and Cambodia Mongolia and Canada Mongolia and central Asia Mongolia and China Mongolia and Cuba Mongolia and Czech Mongolia and donors Mongolia and EU Mongolia and Germany Mongolia and Hongkong Mongolia and Hungary Mongolia and IMF Mongolia and India Mongolia and Indonesia Mongolia and Inner Mongolia Mongolia and Iran Mongolia and Israel Mongolia and Italy Mongolia and Japan Mongolia and Kazakhstan Mongolia and Korea Mongolia and Kuwait Mongolia and Kyrgyzstan Mongolia and Malaysia Mongolia and Nato Mongolia and North Korean Mongolia and Poland Mongolia and Russia Mongolia and Singapore Mongolia and South Korea Mongolia and Taiwan Mongolia and Thailand Mongolia and the world Mongolia and Tibet Mongolia and Turkey Mongolia and UK Mongolia and Ukraine Mongolia and UN Mongolia and US Mongolia and USA Mongolia and Vietnam Mongolia Banking Mongolia blind Mongolia civic society Mongolia Corruption Mongolia crime Mongolia diplomacy Mongolia Economy Mongolia Education Mongolia Energy Mongolia environment Mongolia Finance Mongolia Health Mongolia History Mongolia holiday Mongolia in international media Mongolia Industries Mongolia Joke Mongolia law Mongolia LGBT Mongolia medical Mongolia military Mongolia Mining Mongolia Mining Developments Mongolia Mortgage Mongolia natural disaster Mongolia Petroleum Mongolia public announcements Mongolia railways Mongolia Religion Mongolia society Mongolia Sports Mongolia Stamp Mongolia telecommunication Mongolia tourism Mongolia Urbanization Mongolia Wild Life Mongolian Agriculture Mongolian Archeology Mongolian Food Mongolian Gay Mongolian Government news Mongolian History Mongolian Meat Mongolian Military Mongolian Mining Development Mongolian Movie Mongolian News Mongolian Parliament Mongolian Political news Mongolian Press Mongolian Songs Mongolian Women Mongolian Youth Mongolians abroad Moninfo Opinion Oyu Tolgoi Investment Agreement Photo news Press Release Rio Tinto Tavan Tolgoi coal mine Ulaanbaatar development Weird expatriates in Mongolia

Blog Archive

Followers