newsinsightplus.com 10yearpassport11m.They March 27, 2024 0 Comments BBC HomepageSkip to contentAccessibility HelpYour accountNotificationsHomeNewsSportWeatheriPlayerSoundsBitesizeMore menuMore menuSearch BBCHomeNewsSportWeatheriPlayerSoundsBitesizeCBBCCBeebiesFoodClose menuBBC NewsMenuHomeIsrael-Gaza warCost of LivingWar in UkraineClimateUKWorldBusinessPoliticsCultureMoreTechScienceHealthFamily & EducationIn PicturesNewsbeatBBC VerifyDisabilityAsiaChinaIndiaMongolia ex-PM accused of buying luxury Manhattan flats with corrupt fundsPublished33 minutes agoShareclose panelShare pageCopy linkAbout sharingImage source, Getty ImagesImage caption, Sukhbaatar Batbold was prime minister of Mongolia from 2009-2012By Frances MaoBBC NewsMongolia’s former prime minister bought two luxury apartments in New York City with the proceeds of a corrupt scheme, US authorities have alleged.Prosecutors are seeking to seize the prime real estate in midtown Manhattan, worth a total of $14m (£11m).They allege Sukhbaatar Batbold, who served as PM from 2009-2012, bought the flats after his family-controlled firm was awarded a major mining contract.Mining is the key industry in Mongolia. Mr Batbold has denied the accusations.The Mongolian politician, 60, still sits in parliament. “Mr. Batbold looks forward to his day in court, when he will have the opportunity to defend himself against these unfounded claims,” said his lawyer Orin Snyder in a statement reported by Reuters.US federal prosecutors say he purchased two apartments just blocks away from Central Park, one at The Carlton House, a building just one block away on East 61st Street, and a condo unit in the The Park Imperial, a 70-storey glass skyscraper, just a few doors down from Carnegie Hall.Image source, GOOGLEImage caption, Google Maps street view of The Carlton House in midtown ManhattanThey have accused him of “funnelling millions of dollars from mining contracts through illegitimate shell companies to finance his family’s lavish lifestyle”.”Batbold’s alleged behavior – personally profiting off of public corruption comes at the expense of the law-abiding citizens he governed,” said FBI Assistant Director-in-Charge James Smith.US prosecutors say when Mr Batbold was prime minister, a company he controlled through intermediaries was awarded a $68m mining contract despite the firm, known as Catrison, having no pre-existing mining operations or history. Its sole director was a former linguistics teacher. Millions of dollars from that mining contract and others was then siphoned into foreign bank accounts, and moved through shell companies. Some of that money was spent on the purchase of the Manhattan flats, US prosecutors said.Their court claim says one of the apartments was used by Mr Batbold’s eldest son, who listed the address as his postal address in the US.Mr Batbold is not facing charges himself; but the properties could be subject to forfeiture by the state if prosecutors’ claims are ruled valid by a court.Related TopicsAsiaMongoliaTop StoriesPublic satisfaction with NHS at lowest ever levelPublished3 hours agoBaltimore search ends as six presumed dead in bridge disasterPublished21 minutes agoWales miss out on Euros after Poland shootout defeatAttributionSportPublished5 hours agoFeaturesHow a US bridge collapsed after being struck by a ship. VideoHow a US bridge collapsed after being struck by a shipSharleen Spiteri finds magic in Muscle ShoalsThe Papers: ‘Heartbreak bridge’ and church ‘asylum fiasco’The women behind a fugitive rapist’s downfallFight for justice decades on from oil rig disaster‘Living the dream as Britain’s best padel player’£5bn Thames super sewer set for completionElsewhere on the BBCConquering Everest’s ‘Death Zone’ on skisFind out how a Japanese alpinist became the first person to ski down Mount EverestAttributionSounds’You do feel like you’re invincible’Why are so many young men risking their lives on the UK’s roads?AttributioniPlayerHow Trump’s golf dream turned into a nightmare…His controversial golf development in Aberdeenshire was greenlit with awful consequencesAttributionSoundsHow many big hits from 1995 will you remember?Featuring Ace of Base, The Rolling Stones, Oasis, David Bowie and many moreAttributioniPlayerMost Read1Six presumed dead after Baltimore bridge collapse2Holidaymakers caught out by 10-year-passport rule3Church limited Clapham attacker’s attendance4Taylor Swift’s dad dodges assault charge in Australia5Barclays bank payments hit by outage6The women behind a fugitive rapist’s downfall7Public satisfaction with NHS at lowest ever level8More living than dead people on statues last year9Russia blames West and Kyiv for Moscow jihadist attack10Labour won’t commit to government childcare plan [ad_1] US federal prosecutors say he bought apartments just blocks away from New York’s Central Park. Continue reading
newsinsightplus.com 10yearpassport11m.They March 27, 2024 0 Comments BBC HomepageSkip to contentAccessibility HelpYour accountNotificationsHomeNewsSportWeatheriPlayerSoundsBitesizeMore menuMore menuSearch BBCHomeNewsSportWeatheriPlayerSoundsBitesizeCBBCCBeebiesFoodClose menuBBC NewsMenuHomeIsrael-Gaza warCost of LivingWar in UkraineClimateUKWorldBusinessPoliticsCultureMoreTechScienceHealthFamily & EducationIn PicturesNewsbeatBBC VerifyDisabilityAsiaChinaIndiaMongolia ex-PM accused of buying luxury Manhattan flats with corrupt fundsPublished33 minutes agoShareclose panelShare pageCopy linkAbout sharingImage source, Getty ImagesImage caption, Sukhbaatar Batbold was prime minister of Mongolia from 2009-2012By Frances MaoBBC NewsMongolia’s former prime minister bought two luxury apartments in New York City with the proceeds of a corrupt scheme, US authorities have alleged.Prosecutors are seeking to seize the prime real estate in midtown Manhattan, worth a total of $14m (£11m).They allege Sukhbaatar Batbold, who served as PM from 2009-2012, bought the flats after his family-controlled firm was awarded a major mining contract.Mining is the key industry in Mongolia. Mr Batbold has denied the accusations.The Mongolian politician, 60, still sits in parliament. “Mr. Batbold looks forward to his day in court, when he will have the opportunity to defend himself against these unfounded claims,” said his lawyer Orin Snyder in a statement reported by Reuters.US federal prosecutors say he purchased two apartments just blocks away from Central Park, one at The Carlton House, a building just one block away on East 61st Street, and a condo unit in the The Park Imperial, a 70-storey glass skyscraper, just a few doors down from Carnegie Hall.Image source, GOOGLEImage caption, Google Maps street view of The Carlton House in midtown ManhattanThey have accused him of “funnelling millions of dollars from mining contracts through illegitimate shell companies to finance his family’s lavish lifestyle”.”Batbold’s alleged behavior – personally profiting off of public corruption comes at the expense of the law-abiding citizens he governed,” said FBI Assistant Director-in-Charge James Smith.US prosecutors say when Mr Batbold was prime minister, a company he controlled through intermediaries was awarded a $68m mining contract despite the firm, known as Catrison, having no pre-existing mining operations or history. Its sole director was a former linguistics teacher. Millions of dollars from that mining contract and others was then siphoned into foreign bank accounts, and moved through shell companies. Some of that money was spent on the purchase of the Manhattan flats, US prosecutors said.Their court claim says one of the apartments was used by Mr Batbold’s eldest son, who listed the address as his postal address in the US.Mr Batbold is not facing charges himself; but the properties could be subject to forfeiture by the state if prosecutors’ claims are ruled valid by a court.Related TopicsAsiaMongoliaTop StoriesPublic satisfaction with NHS at lowest ever levelPublished3 hours agoBaltimore search ends as six presumed dead in bridge disasterPublished21 minutes agoWales miss out on Euros after Poland shootout defeatAttributionSportPublished5 hours agoFeaturesHow a US bridge collapsed after being struck by a ship. VideoHow a US bridge collapsed after being struck by a shipSharleen Spiteri finds magic in Muscle ShoalsThe Papers: ‘Heartbreak bridge’ and church ‘asylum fiasco’The women behind a fugitive rapist’s downfallFight for justice decades on from oil rig disaster‘Living the dream as Britain’s best padel player’£5bn Thames super sewer set for completionElsewhere on the BBCConquering Everest’s ‘Death Zone’ on skisFind out how a Japanese alpinist became the first person to ski down Mount EverestAttributionSounds’You do feel like you’re invincible’Why are so many young men risking their lives on the UK’s roads?AttributioniPlayerHow Trump’s golf dream turned into a nightmare…His controversial golf development in Aberdeenshire was greenlit with awful consequencesAttributionSoundsHow many big hits from 1995 will you remember?Featuring Ace of Base, The Rolling Stones, Oasis, David Bowie and many moreAttributioniPlayerMost Read1Six presumed dead after Baltimore bridge collapse2Holidaymakers caught out by 10-year-passport rule3Church limited Clapham attacker’s attendance4Taylor Swift’s dad dodges assault charge in Australia5Barclays bank payments hit by outage6The women behind a fugitive rapist’s downfall7Public satisfaction with NHS at lowest ever level8More living than dead people on statues last year9Russia blames West and Kyiv for Moscow jihadist attack10Labour won’t commit to government childcare plan [ad_1] US federal prosecutors say he bought apartments just blocks away from New York’s Central Park. Continue reading