Officers from the Independent Authority against Corruption of Mongolia have raided Tavan Bogd Group President Ts.Baatarsaikhan’s office.

According to official sources, the raid was carried out by the IAAC as part of an ongoing investigation into the Health Insurance Fund.

Ts.Baatarsaikhan, who is one of the major shareholders of the Khan Bank, is suspected for embezzlement of MNT 1.8 billion from the Health Insurance Fund.