An open discussion organized by The General Union of Civil Movements to “define oligarchs” ended by naming former President N.Enkhbayar, PM S.Batbold, MP Ts.Munkh-Orgil and Ch.Ulaan, as the present-day oligarchs in Mongolia. MPs L.Gundalai and G.Bayarsaikhan attended the meeting.

One participant, Saruul, said in Russia oligarchy was spreading but there Russians retained ownership of the country’s resources such as oil and gas. Mongolian oligarchs on the other hand are almost giving away the country’s resources to foreign countries.  Chimedtseren said a Mongolian oligarch was either a parasite or a businessman with political power. The parasites are strongly organized and are against business competition. They launder the taxes they do not pay. They include Vice PM M.Enkhbold, Minister for Food, Agriculture and Light Industry T.Badamjunai, Ambassador to Russia D.Idevkhiten and former President N.Enkhbayar.