The Capital City Prosecutor`s Office has completed the revision of the MIAT money laundering case.

The State Investigation Office`s Economic Crime Investigation Department arrested and detained for questioning eight  individuals as suspects in the money laundering case. Suspects included former CEO of MIAT Ts.Orkon with his wife, the Vice Director of MIAT, R.Bat-Erdene and the Director of Mongolian Airlines Group. Ch.Khorolsuren. The case holds that money laundering was conducted by creating a “War Risk Insurance” in order to transfer money to their “West Wealth Al group” company bank account abroad instead of send the money to the insurance company`s bank account. It is estimated that they caused 6.9 million US dollars in damages through fraud.

The Capital City Prosecutor`s Office has revised the case and transferred it to the Capital City Court in order to determine where the case should be resolved in the scope of citizenship. The Capital Court will then decide which court the case should be held in according to citizenship.