close
Wednesday, March 27, 2024

U.S. plans seizure of ex- Mongolian prime minister’s $14 million New York apartment linked to graft

Mr Batbold’s lawyer Orin Snyder said his client would defend himself in court against the allegation.

• March 27, 2024
U.S. flag and former Mongolian Prime Minister Batbold
U.S. flag and former Mongolian Prime Minister Batbold

The U.S. government has requested a civil forfeiture complaint to seize two Manhattan apartments in New York allegedly purchased with funds from corruption by a former Mongolian prime minister.

Federal prosecutors in Brooklyn claim that Sukhbaatar Batbold, a current member of the Mongolian parliament, and his family paid $14 million for two midtown Manhattan apartments in 2012 and 2015.

Investigations from prosecutors, however, have shown that the apartments were paid for with the proceeds from a $68 million mining contract given to Catrison Limited, a Hong Kong-registered company, in 2011 to purchase copper concentrates from the Erdenet copper mine in Mongolia.

They also disclosed that Catrison, which was a newly-formed company with no prior mining experience, was controlled by Mr Batbold through intermediaries, the Voice of America, reported citing a statement from the US Department of Justice on Tuesday.

According to the report, Mr Batbold is accused of using his position as prime minister to grant contracts to “entities owned or controlled by his associates or his son.”

The civil forfeiture complaint further revealed that Mr Batbold and his family had broken anti-corruption legislation in Mongolia.

“Today’s forfeiture action sends a message that criminal activity is never included in the homeowner’s agreement,” U.S. attorney Breon Peace said in a statement.

“As alleged, former Mongolian Prime Minister Batbold used high-end New York City real estate as a cover for his illicit corruption scheme,” Peace said.

Mr Batbold’s lawyers have responded to the complaint by stating that a previous civil case that took place in 2020 concluded that he didn’t own any property in New York.

In a statement by Mr Batbold’s lawyer Orin Snyder said that his client was looking forward to his day in court, where he would have an opportunity to defend himself against what he termed baseless accusations.

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

World

Ex-Chinese football chief bags life jail for corruption

Chinese prosecutors said Mr Chen accepted financial incentives, valuable items from people in exchange for project contracts.

HEINEKEN LOKPOBIRI

Economy

Ministry working hard to achieve targets for petroleum industry: Minister

Mr Lokpobiri said the petroleum sector had the solutions to the country’s problems in the short-term.

New Fire Trucks

States

Kwara fire service sensitises traders to fire-fighting techniques

Mr Hakeem said that the sensitisation became necessary because of rising cases of fire outbreak in the country.

NSCDC logo Credit; Punch

States

Illegal Refineries: NSCDC nabs five over theft of 500,000 litres crude oil in Rivers

Mr Ayodele described the activities of oil thieves in the state as unscrupulous and condemnable.

Chief of Air Staff (CAS), Air Marshal Hasan Abubakar [Photo Shettima]

NationWide

Chief of Air Staff celebrates feats as NAF clocks 60

“The CAS said that the NAF had come a long way since its establishment in 1964.’’

OLAYEMI CARDOSO; CBN

Economy

Economists urge CBN to balance inflation control with economic growth measures

The experts also advised the CBN on the need for a balanced approach.