Prosecutors still investigating defunct Anod Bank
Ulaanbaatar Prosecutors’ Office (UPO) says it is still investigating the full scope of a scandal at the now-defunct Anod Bank. Prosecutors are reportedly looking into the bank’s loan programs and capitalization.
Five people have already been convicted in the case. Former Mongol Bank First Vice President B.Enkhkhuyag, Mongol Bank Monitoring Board Director J.Ganbaatar, Financial Regulatory Authority Chairman D.Bayarsaikhan, and three members of Anod’s Representatives’ Managing Council (RMC), N.Davaa, E.Gur-Aranz, and U.Enkhtur, have all been convicted of cheating the bank’s shareholders and of misappropriating money in the bank’s savings accounts.
Three prosecutors are working on the case.
Five people have already been convicted in the case. Former Mongol Bank First Vice President B.Enkhkhuyag, Mongol Bank Monitoring Board Director J.Ganbaatar, Financial Regulatory Authority Chairman D.Bayarsaikhan, and three members of Anod’s Representatives’ Managing Council (RMC), N.Davaa, E.Gur-Aranz, and U.Enkhtur, have all been convicted of cheating the bank’s shareholders and of misappropriating money in the bank’s savings accounts.
Three prosecutors are working on the case.
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