The trial for the former MIAT directors, who have been accused of money laundering under the disguise of a false War Risk Insurance, was scheduled for 10.00 am in detention center 461 today, but was postponed until June 10th.

The accused Ch.Khorolsuren changed his attorney but the attorney has not yet seen the whole documentation so the trial has been postponed.

The accused want to be released on bail but the judge rejected the request.

The seven accused individuals in the case are former CEOs of MIAT from 2006-2011, B.Bat-Erdene, B.Erdenebileg, Ts.Orkhon, the vice director of MIAT, Ch.Khorolsuren and his brother, the director of Mongolian Airlines Group, Ch.Suuritogtokh and the accountant of the group, N.Gantumur. The Director of Golomt branch 6, between 1997 and 2007, G.Saranchimeg is also an accused party in the trial.

The Prosecutor cancelled the case against Ts.Orkhon`s wife, U.Tsetsegmaa and B.Erdenebileg`s brother, B.Mandakhbayar, who were arrested in relation to the money laundering case, on the ground of no clear evidence.

The case relating to the former Chairman of the General Election Commission, a member of the Constitutional Court, D.Sugar, former staff of the General Election Commission, S.Batkhishig and N.Galt are being investigated separately. They were allegedly involved in the establishment of a false insurance company in Japan related to the money laundering case.

It was revealed that former MIAT directors signed an agreement on a War Risk Insurance with a foreign insurance service company for freight forwarders in 2007 during the investigation by the State Investigation Department of Mongolia.

Between 2007-2010 an insurance agreement payment totaling 6.8 million US dollars were transferred in 16 withdrawals to the company.

It was also revealed during the questioning that the accused took advantage of other people by transferring great amounts of money to their family and relatives` bank accounts and false insurance company. During the investigation the State Investigation Department confiscated 2.1 million US dollar in cash and 13.9 billion MNT in the accused bank accounts.