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Erdenet collateral scandal: Sh.Batkhuu released on bail www.news.mn
Sh.Batkhuu, former director of the 'Just Group', was released on bail on Wednesday because of health problems and banned from leaving the country. According to one source, Sh.Batkhuu was receiving high doses of insulin shots daily, however, these were increasing the risks of kidney failure and brain damage.
Sh.Batkhuu has been detained for three months in the 461st detention centre where he has been under investigation by Mongolia’s anti-corruption agency in connection to his offering the Erdenet Mining Corporation up as collateral for 109 million USD loan obtained from the South African Standard Bank.
The case began to be heavily publicised after the London Court of International Arbitration ruled in favour of the South African Standard Bank
Published Date:2018-06-28
