Ganzorig Bor, Chairman of the Board of “Uls Turch” (translation: Politician) media outlet, held a press conference yesterday, announcing that they have issued a request to the Independent Agency Against Corruption to inspect the Chairman of Ulaanbaatar Railways JV (UBRW) Jigjidnyamaa Damdinsuren and Deputy Minister of Road and Transport Development Tsogtgerel Batchuluun. The media outlet suspects the two people for a potential money laundering, claiming that they have abused their power and imported nearly a thousand units of scrap wagons. Ganzorig Bor remarked, “These two people have purchased 977 units of over 20 years old decommissioned wagons manufactured in Russian Federation between 1992 and 1995, at MNT 26 billion on August 23, through a UK based company Max Bridge Logistics L.P, which is registered in an offshore country Dominican Republic.” He added that UBRW is currently using over 6 hundred of these decommissioned wagons and some of them are already damaged and unserviceable. He further claimed that Tsogtgerel Batchuluun encouraged the irresponsible act instead of stopping it. UBRW also brought in two rail repair trucks for USD 5.6 million in 2014; however, they have never been used, and the company bought another truck of the same model for USD 1.7 million in 2017. Mr. Ganzorig Bor revealed that the market price of this truck is around USD 900 thousand, which begs the question of the remaining fund of USD 770 thousand. He then underlined that the 50 percent of prepayment transaction of these rail repair trucks were conducted through LordWest Trade L.P, a Dominican company, further claiming that both MaxBridge Logistics L.P and LordWest Trade L.P are owned by a single person.

Published Date:2018-06-05