As we reported last week, the “Ulaanbaatar Times Newspaper” printing house was sold during an open auction.

Abdul Karim, who has Mongolian citizenship, bought the printing house for MNT 24 billion (the starting figure was MNT 7,155 billion). Since then, for reasons unknown, he has said that he is now not able to purchase the 2698 sq. meter area building, located to the East of Government House. In cancelling the contract he said that he regretted providing false information about himself and his family.