The Ethics Committee and Political Commission of the Mongolian Democratic Party (DP) have ruled to expel S.Bayartsogt, a former finance minister, from the party. The DP is demanding Parliament investigates the corruption probe linked to S.Bayartsogt.
According to Reuters, the Federal Court has ruled as legitimate the seizure of several Swiss bank accounts in a corruption probe linking a former Mongolian finance minister and mining giant Rio Tinto. The accounts were first seized by the Office of the Attorney General of Switzerland (OAG) in 2016, when it launched its probe into the 2008 transfer of some CHF9.62 million (USD10.1 million) to bank accounts owned by S.Bayartsogt, who had just become Mongolian finance minister. The seizure is part of an ongoing Swiss investigation linked to a Mongolian corruption probe into Bayartsogt’s 2009 deal giving Rio Tinto access to a large copper-gold mining project in the Gobi Desert.
In 2013, Bayartsogt resigned his position as deputy speaker of the Mongolian parliament following revelations by the International Consortium of Investigative Journalists about his holding a Swiss bank account.