Independent Authority Against Corruption questions top bankers

Apr 15 • Banking, News, Politics • 628 Views • No Comments on Independent Authority Against Corruption questions top bankers

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Governor of Mongol Bank together with his senior banking officials is under interrogation by both the Independent Authority against Corruption and State Investigation Authority.

The law enforcement agencies charged L.Purevdorj, President of the Bank of Mongolia, for illegal transfer of capitals investment of Zoos Bank, a private commercial bank now under government management after it went bankrupt.

N.Ariunbat, top managing official of the new State Bank, is also reportedly connected to large sums of money that was returned “illegally” to D.Batbayar, a former presiding member of the Zoos Bank board of directors.

According to the media, properties worth more than MNT3.6 billion were found returned to Batbayar, who used to hold 51 percent shares of the bankrupt bank. The Independent Authority against Corruption considered the case as multibillion MNT corruption cases that may cause the reason for criminal proceedings against the central bank officials.

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