LOGO
LOGO

Political News

Ex-Mongolian President Sentenced To Jail For Graft

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Former Mongolian President Nambaryn Enkhbayar has been sentenced to four years in prison for corruption, media reports said on Friday.

A court in Ulan Bator found him guilty on Thursday of charges including the illegal privatization of a hotel in the capital city. Enkhbayar denounced the trial as politically-motivated, while his lawyers indicated that they would appeal the verdict in a higher court.

Political analysts say the sentencing will affect politics in Mongolia where official results of the June general election were yet to be announced.

The ruling Democratic Party, which won most of the seats but failed to get a majority, has agreed to form a coalition government with Enkhbayar's Opposition alliance and he is expected to join the Cabinet if acquitted in appeal.

Enkhbayar served as President of the minerals-rich Central Asian country during 2005-2009, but lost his re-election bid to Tsakhiagiin Elbegdorj of the Democratic Party. He could not run in the June election because he was under arrest.

For comments and feedback contact: editorial@rttnews.com

Political News

Global Economics Weekly Update - Jun 01 - Jun 05, 2026

June 05, 2026 16:18 ET
A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.

Latest Updates on COVID-19