On March 25, 2026, the regular meeting of the Cabinet was held, and discussed several issues, including strengthening the legal framework for compensating damage caused to the state by corruption crimes and confiscating illegal assets and income.
The Cabinet was briefed on the progress and results of the working group established under Order No. 75 issued by the Prime Minister of Mongolia in August, 2025. The working group is tasked with urgently organizing the recovery of assets belonging to special-purpose funds, state institutions, and state-owned legal entities that were placed in liquidated banks and are at financial risk due to insolvency, while ensuring that the state does not suffer losses.
During this period, the working group recovered MNT 60.67 billion from liquidated and non-performing banks and MNT 67.2 billion from borrowers of the Development Bank, bringing the total recovered amount to MNT 127.87 billion.
The working group was also instructed to urgently prepare and submit draft legislation on asset management companies and compulsory measures for the confiscation of assets and income.
On March 25, 2026, the regular meeting of the Cabinet was held, and discussed several issues, including strengthening the legal framework for compensating damage caused to the state by corruption crimes and confiscating illegal assets and income.
The Cabinet was briefed on the progress and results of the working group established under Order No. 75 issued by the Prime Minister of Mongolia in August, 2025. The working group is tasked with urgently organizing the recovery of assets belonging to special-purpose funds, state institutions, and state-owned legal entities that were placed in liquidated banks and are at financial risk due to insolvency, while ensuring that the state does not suffer losses.
During this period, the working group recovered MNT 60.67 billion from liquidated and non-performing banks and MNT 67.2 billion from borrowers of the Development Bank, bringing the total recovered amount to MNT 127.87 billion.
The working group was also instructed to urgently prepare and submit draft legislation on asset management companies and compulsory measures for the confiscation of assets and income.