In the past few days, Mongolian and international social media and news are reporting nonstop about leaked documents on financial accounts' information for more than 214 thousand offshore entities. Around 3 AM last night, The International Consortium Investigative Journalists (ICIJ) released the list of names with hidden offshore accounts not known to legal authorities.
The leaked documents were created by Panamanian Law firm and corporate service provider Mossack Fonsenca. Included in the released list, 49 names (duplicated in some areas) were linked Mongolia. Those names include some former and current government officials, businessmen/women of Mongolia.
D.Tsogtbaatar and Su.Batbold have called press conference to make an official statements regarding the matter. The two claimed they conducted legal business in the past where they bought shares and sold it in 2005 and left the whole thing behind. Both individuals stated they have done everything in the legal framework like any other business.
Despite all the accusations, D.Tsogtbaatar and Su.Batbold's names were not on the list.
Batbayar Davaa, a former Sumo wrestler and MP, Petrovis CEO Oyungerel Janchiv and Chuluudai Bat-Uul, a son of Mayor of Ulaanbaatar E.Bat-Uul are few of the names that were revealed.
D.Batbayar later made statement to reporters saying "There must have been a mistake. I have never owned hidden offshore account. I only had legal accounts in Mongolia and Japan. And I am not one of those billionaires born from government. In the past I have earned what i have today with my own hard work through wrestling and some businesses."
Photographer: B.Byamba-Ochir
In the past few days, Mongolian and international social media and news are reporting nonstop about leaked documents on financial accounts' information for more than 214 thousand offshore entities. Around 3 AM last night, The International Consortium Investigative Journalists (ICIJ) released the list of names with hidden offshore accounts not known to legal authorities.
The leaked documents were created by Panamanian Law firm and corporate service provider Mossack Fonsenca. Included in the released list, 49 names (duplicated in some areas) were linked Mongolia. Those names include some former and current government officials, businessmen/women of Mongolia.
D.Tsogtbaatar and Su.Batbold have called press conference to make an official statements regarding the matter. The two claimed they conducted legal business in the past where they bought shares and sold it in 2005 and left the whole thing behind. Both individuals stated they have done everything in the legal framework like any other business.
Despite all the accusations, D.Tsogtbaatar and Su.Batbold's names were not on the list.
Batbayar Davaa, a former Sumo wrestler and MP, Petrovis CEO Oyungerel Janchiv and Chuluudai Bat-Uul, a son of Mayor of Ulaanbaatar E.Bat-Uul are few of the names that were revealed.
D.Batbayar later made statement to reporters saying "There must have been a mistake. I have never owned hidden offshore account. I only had legal accounts in Mongolia and Japan. And I am not one of those billionaires born from government. In the past I have earned what i have today with my own hard work through wrestling and some businesses."
Photographer: B.Byamba-Ochir