The winning bid for the property, once hosted by a pro-North Korean association, was made Avar LLC for 5.01 billion yen, has recently been the subject of media speculation.
The Director of Avar LLC, Ch.Erdenebat denies any government involvement in a bid for the property that has been the subject of media speculation. He told reporters that its bidding has “no links with any government bodies in Mongolia, Japan, North Korea or South Korea.”
The Director of Avar LLC, Ch.Erdenebat is the brother-in-law of Parliamentarian and former state wrestling champion D.Sumiyabazar.
Director of Avar LLC, Ch.Erdenebat told reporters that “the company participated in the auction via a Japanese law firm. It does not matter how much the company business is at the auction.”
The building also serves as the local branch of North Korea”s Workers” Party, which acts as Pyongyang”s de facto embassy in Tokyo since the two governments do not have diplomatic relations.
Japan”s Supreme Court ordered the building seized in 2012 for unpaid debts and put it up for sale in a public auction. But media speculation is high that a mysterious Mongolian company named Avar LLC has won an auction for the property worth 5.01 billion yen.
The Tokyo District Court has delayed a decision on whether to approve the sale until it clears that Avar LLC has any financial links with the General Association of Korean Residents in Japan (Chongryon).
