Former Director General of Erdenet Mines arrested
No comment has been given to explain his arrest. But there is speculation that the arrest may have something to do with loans to a private company under the Mongolia-Russian JVC Erdenet Mining Corporation`s guarantee according to the Justice Minister.
But it is uncertain which companies are involved in the case. Reports say that the former chairman of the State Property Committee is also a suspect in the case and has been investigated.
There is further speculation that the arrest is linked to former President Nambar Enkhbayar`s corruption case, however this is not confirmed. Former President Enkhbayar, who is critically ill in the State Second Hospital, was charged for embezzlement issuing large amounts of exchanges under the cover of steel ball supply to the Erdenet Mining Corporation. The charge was ignored because of a lack of evidence in Court.
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