COVID-19 Latest
Mongolia|business|March 30, 2018 / 09:36 AM
Swiss prosecutors checking if minister payments linked to Rio's Oyu Tolgoi

AKIPRESS.COM - Swiss prosecutors on Thursday confirmed they were checking whether “questionable payments” to an ex-Mongolian finance minister were linked to Rio Tinto’s Oyu Tolgoi mining project, adding the Anglo-Australian mining company was “not an accused”, Reuters reported.

Reuters reported last week that the Office of the Attorney General (OAG) was examining whether Rio made illicit payments potentially linked to the copper and gold mine, part of the OAG’s investigation into a seized Swiss bank account used in 2008 to transfer $10 million to Mongolia’s former finance minister, Bayartsogt Sangajav.

Bayartsogt, who has denied wrongdoing, signed the investment deal which granted 66 percent of the giant Gobi desert property to Robert Friedland’s Ivanhoe Mines, now known as Turquoise Hill Resources, and majority owned by Rio Tinto. Mongolia owns the rest.

“According to the current state of the investigation, Rio Tinto is not an accused,” the OAG said in an e-mail to Reuters on Thursday.

“However, inquiries are being made as to whether the questionable payments to a former Mongolian finance minister were factually related to the Oyu Tolgoi mining project or to other mining projects in Mongolia.”

Rio Tinto declined to comment.

All rights reserved

© AKIpress News Agency - 2001-2024.

Republication of any material is prohibited without a written agreement with AKIpress News Agency.

Any citation must be accompanied by a hyperlink to akipress.com.

Our address:

299/5 Chingiz Aitmatov Prosp., Bishkek, the Kyrgyz Republic

e-mail: english@akipress.org, akipressenglish@gmail.com;

Follow us:

Log in


Forgot your password? - recover

Not registered yet? - sign-up

Sign-up

I have an account - log in

Password recovery

I have an account - log in