Mongolia's anti-graft agency says it is working with overseas investigators to look into claims of corruption at the giant Oyu Tolgoi copper mine, following the re-arrest of a former finance minister suspected of "abuse of power."
The agency says said authorities are probing allegations that the ex-minister, one of six people now being investigated in relation to the case, "gained a large amount of money by selling the shares when the prices went up after the signing agreement" in 2009; it does not specify which other countries are collaborating on the probe.
The 2009 deal gave 34% of Oyu Tolgoi to the government of Mongolia, with the remainder held by Turquoise Hill Resources (TRQ +1.8%), which is now 51% owned by Rio Tinto (RIO +3.1%).
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