Reuters: Graft charges bar Mongolia ex-president from polls

Former Mongolian president Nambar Enkhbayar has been barred from participating in parliamentary elections later this month following his arrest on corruption charges in April, members of his family told Reuters on Thursday. Enkhbayar, who served as president of the landlocked central Asian country from 2005 to 2009, was released on bail on May 14 and hoped to contest a seat in the June 28 vote. Resource-rich Mongolia is in the middle of a mining boom that is set to transform its tiny economy, but political uncertainties have threatened to overshadow its efforts to attract the foreign investment needed to develop mines and build vital infrastructure. Legislators are due to deliberate on a series of vital new laws and will also need to approve plans to develop and finance the 7.5 billion-tonne Tavan Tolgoi coal project near the Chinese border. To read the full article, click hereGraft charges bar Mongolia ex-president from polls

This entry was posted in Mongolia News. Bookmark the permalink.

Comments are closed.