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  • Former Prime Minister And President Enkhbayar Arrested [View instapost]
    The previous comment is full of it: In August 2007, the City Council formed the state owned Urgoo Hotel. 10 days after the formation, the Governor of Ulaanbaatar Ts. Batbayar transferred 75% of the shares worth 137 million MNT to a private company called Khar dun. B. Khuyag who is the brother of the Deputy Assistant of N.Enkhbayar, B.Tulga, owns Khar dun. He has evaded investigation and his whereabouts are still unknown. Not long after, the Pemif Company claimed the Urgoo Hotel, worth 1.2 billion MNT, through a filing made by Batshugar who is the son of N. Enkhbayar. The administration of the Ulaanbaatar Times was privatized, but the owners did not fulfill their responsibilities, and sold a property worth 2.1 billion MNT for 369.7 million MNT to a management team lead by Do. Chuluunbaatar invested by the Media Holdings Division of Escon, owned by N. Enkhtuya, who is N. Enkhbayar’s sister. In 2000 when he was the head of a minority group in Parliament, N. Enkhbayar kept media equipment donated by the Japanese Buddhist community intended to spread the word of Buddha. The equipment was worth USD 113,000 and sent it instead to TV9.Furthermore, Enkhbayar tried, with a person named J. Myagmarjargal, to commit fraud by creating a contract to supply steel from Erdenet to Helon Company Ltd and the Great Global International, located in Hong Kong. Enkhbayar himself directed the contract, which caused USD 3.3 million worth of damage to Erdenet.
    May 8, 2012. 11:21 AM | 2 Likes Like |Link to Comment
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