Mongolbank made request from the Government to refund “Anod” shareholders

May 18 • Banking, Finance, News • 799 Views • No Comments on Mongolbank made request from the Government to refund “Anod” shareholders

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anodLast week, Standing Committee on Economy held meeting and discussed three issues. First, to dicuss the draft law on prohibiting issuance of exploration licenses, initiated by the President of Mongolia; MPs of Standing Committee voted for the draft laws to be discussed by the State Great Khural.

Second, Mongolbank and the Financial Regulatory Committee made a statement and proposed to the Standing Committee to refund Anod shareholders’ money 5.2 billion MNT. MPs of the Standing Committee reviewed the statement and suggested to made decision independently or to propose officially to the State Great Khural.

The last issue was on accredit of US$200 million by a former President of Mongolbank, MP O.Chuluunbat. Due to this non-secure accredit Mongolia would suffer notable loss. According to Mr. L.Purevdorj, President of Mongolbank, the legal sues are being held at two courts, one is in favour to the Mongolian side.

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