Three former Anod Bank officials convicted of swindling shareholders have been released on bail. N.Davaa, E.Gur-Aranz, and U.Enkhtur released on September 29, after a Bayanzurkh district court hearing.
 
Since his arrest last May, N.Davaa’s health has deteriorated and he is currently hospitalized.

The three men were convicted of stealing money from shareholders of the bank, and of misappropriating money deposited in savings accounts. The men were bailed out once before, but subsequently incarcerated again.
The investigation into the case is ongoing, and other officials may still face changes.