Chingiltei District Court has granted a request to extend imprisonment of B.Gankuyag, ex-chief executive of Erdenes-Tavantolgoi JSC, for a month. 

On 8 December,  B.Gankhuyag  and several associates as well as family members have been arrested and await trial, accused of embezzling billions of dollars in coal revenue. The anti-corruption department and the General Police Department conducted a joint enforcement operation and arrested several people. The arrests came after  December protest over  corruption in the country’s coal trade.

Starting next month, Erdenes-Tavantolgoi JSC — the country’s largest state-owned coal miner — will cease signing direct sales contracts with buyers in neighbouring China, which last year purchased 84 percent of Mongolia’s total exports. Instead, the company’s coal will be auctioned on the Mongolian Stock Exchange.