At yesterday's cabinet meeting, N.Uchral, Minister of Mongolia and Chief Cabinet Secretary of Mongolia, presented issues concerning the “Tugrug Nuur” coal deposit located in Bayan soum, Tuv province. This deposit is included in the list of strategic mineral deposits under Resolution No. 27 of the State Great Khural, passed in 2007.
The company “SAMEH” LLC, a shareholder of “Togrug Nuur Energy” LLC,the license holder of the Tugrug Nuur coal deposit, is now under investigation by law enforcement authorities for multiple alleged crimes. These include tax evasion, money laundering, fraud, corruption, conflicts of interest, and other legal violations.
In response, Minister N.Uchral was instructed to procure financial and economic consulting services if necessary to support the investigation. O.Altangerel, the Minister of Justice, was tasked with facilitating cooperation with law enforcement agencies in jurisdictions such as the British Virgin Islands, the Cayman Islands, Hong Kong (Special Administrative Region of China), and the Republic of Singapore. This cooperation will focus on information sharing and providing mutual legal assistance in the investigation.
Additionally, Ts.Tuvaan, the Minister of Industry and Minerals, has been directed to review the criteria for classifying mineral deposits as strategically important. He is expected to prepare and submit a draft resolution on this matter for Cabinet discussion in the near future.
At yesterday's cabinet meeting, N.Uchral, Minister of Mongolia and Chief Cabinet Secretary of Mongolia, presented issues concerning the “Tugrug Nuur” coal deposit located in Bayan soum, Tuv province. This deposit is included in the list of strategic mineral deposits under Resolution No. 27 of the State Great Khural, passed in 2007.
The company “SAMEH” LLC, a shareholder of “Togrug Nuur Energy” LLC,the license holder of the Tugrug Nuur coal deposit, is now under investigation by law enforcement authorities for multiple alleged crimes. These include tax evasion, money laundering, fraud, corruption, conflicts of interest, and other legal violations.
In response, Minister N.Uchral was instructed to procure financial and economic consulting services if necessary to support the investigation. O.Altangerel, the Minister of Justice, was tasked with facilitating cooperation with law enforcement agencies in jurisdictions such as the British Virgin Islands, the Cayman Islands, Hong Kong (Special Administrative Region of China), and the Republic of Singapore. This cooperation will focus on information sharing and providing mutual legal assistance in the investigation.
Additionally, Ts.Tuvaan, the Minister of Industry and Minerals, has been directed to review the criteria for classifying mineral deposits as strategically important. He is expected to prepare and submit a draft resolution on this matter for Cabinet discussion in the near future.