Director of Development bank’s subsidiary company interrogated for bank’s case

Final September, D.Enkhbayar, director of Darkhan Leather-based Complicated LLC, was detained and investigated on the grounds that he might have misappropriated the mortgage from the Growth Financial institution of Mongolia (DBM) and laundered the cash. As linked with the case, Director of DBM Asset Administration securities firm, its subsidiary firm, D.Bolormaa was discovered responsible throughout investigation by the Impartial Authority In opposition to Corruption (IAAC) and can be indicted. Final week, the IAAC transferred 12 of 798 legal circumstances that have been investigated to the prosecutor’s workplace for indictment, together with the case of the director of DBM Asset Administration securities firm. In 2019, Asset administration firm took a mortgage of 15 billion MNT from the Growth Financial institution. 

The Darkhan Leather-based Complicated Park undertaking was determined to be applied in 2017, and the Darkhan Industrial Park local-owned LLC was established. Because the director of the undertaking unit the director of the Funding Division of the Growth Financial institution at the moment D.Enkhbayar was employed. It then obtained an funding of 15 billion MNT from the subsidiary firm of the Growth Financial institution, DBM Asset Administration securities firm, within the undertaking of the Leather-based Complicated. The previous government director of DBM Asset Administration securities firm D.Bolormaa, has been accused of abusing her authority and giving benefit to others and inflicting injury to the Growth Financial institution by issuing the mortgage.