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AKIPRESS.COM - The family of a British-Australian man jailed in Mongolia over a soured business deal fear he will not survive his seven-year prison sentence, after the country’s supreme court upheld his controversial conviction, The Guardian reported.
After a trial last July that lasted just two days, Mohammed Ibrahim “Mo” Munshi was jailed and fined $15m over a coal deal struck between Gobi Coal and Energy, of which he was chairman, and a company owned by Chuluunbaatar Baz, a member of a prominent Mongolian family.
Munshi is the latest in a string of foreign investors to find themselves hit with arbitrary travel bans or prosecuted over business deals in resource-rich Mongolia, as local partners seek to seize assets or alter agreements.
Last month, Mongolia’s supreme court upheld his conviction, while reducing his original 11-year sentence to seven years on a technicality.