A trial for the directors of Anod bank and the Central Bank of Mongolia was held for 4 days at Bayanzurkh district court between January 7th and January 10th. The Economic Crime Investigation Department of the State Investigation Office investigated and questioned the case involving directors of Anod Bank and the Central Bank of Mongolia for over 2 years.

The trial finished at 11.00 pm and sentenced 5 of the former directors of the banks and discarded 10 criminal cases.

The Judge panel sentenced the Head of the Management Board of Anod Bank, E.Gur-Aranz and CEO of Anod bank, D.Enkhtur, each to 8 years in prison. A member of the management board of Anod bank, N.Davaa and the chairman of the Secretariat office of Anod bank, L.Ulambayar, each for 6 years in prison. The Mongol Bank Monitoring Board Director J.Ganbaatar and N.Oyuntsetseg each got 5 years jail terms.

The charges against them were defrauding shareholders and misappropriating money in the savings accounts of the bank.  The Judge panel dropped the case for B.Enkhkhuyag, the former Mongol bank first deputy director.