State Budget Standing Committee has accepted the proposal of MP Ganbaatar S. investigating Oyu Tolgoi LLC on its tax and other related agreements and contracts obligations. A working group will be formed soon to implement the decision. Ganbaatar S. is one of the hardliners on issues surrounding Oyu Tolgoi project.
Former Finance Minister MP Bayartsogt S. and Ganbaatar S. had a debate over Oyu Tolgoi deal last year. Overall reaction was that Ganbaatar S. didn’t have enough sound facts and validity for his argument. However, it was him that the most public sided with due to his nationalist view on exploiting strategic deposits.
We will update our readers on the related developments in due course.