The Independent Authority Against Corruption of Mongolia has arrested two former members of parliament, namley N.Batbayar and B.Garamgaibaatar on suspicion of wrongly channelling money from the country's sovereign debt fund.

B.Garamgaibaatar is one of the major debtors to the Development Bank of Mongolia. N.Batbayar, then Minister of Economic Development was arrested on charge of abuse of power and embezzlement of Samuria and Chinggis bonds.