DHAKA: A Mongolian court has jailed former president Nyamdorj Enkhbayar for four years for corruption, a move that could threaten the government`s fragile coalition and increase uncertainties for foreign investors.
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.
After a three-day trial, Enkhbayar was found guilty of charges that include the illegal privatization of a hotel and newspaper and the misuse of donated television equipment to broadcast from his own television station, the government said late on Thursday.
Source: jpost
BDST: 1900 HRS, AUG 03, 2012
AKA
All rights reserved. Sale, redistribution or reproduction of information/photos/illustrations/video/audio contents on this website in any form without prior permission from banglanews24.com are strictly prohibited and liable to legal action.
