Chiefs of Ferrous Metal Factory under investigation - News.MN

Chiefs of Ferrous Metal Factory under investigation

Old News! Published on: 2011.06.22

Chiefs of Ferrous Metal Factory under investigation

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The Anti Corruption
Authority will conduct further investigation against seven  present and former senior officials of
Ferrous Metal Factory of Darkhan as the Ulaanbaatar Prosecutors Office feels it
needs more evidence to initiate criminal proceedings against them. The charge
against them is one of misuse of position to embezzle MNT149.6 million from the
factory funds, reports Unuudur newspaper.



There were complaints during the tenure of the former Chief D.Ganbold, that the
factory used to buy raw material at prices higher than in the market.



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