allAfrica.com: Liberia, Mongolia Most Corrupt Countries

allAfrica.com: Liberia, Mongolia Most Corrupt Countries: "Liberia and Mongolia are the most corrupt country in the world, a survey conducted in nations around the world has revealed. The survey quotes more than half of the world's population as saying that corruption in the public sector is a very serious problem.

Anti-corruption nonprofit Transparency International's Global Corruption Barometer surveyed residents in 107 countries. According to the survey, 94% of Liberians say the police are corrupt."

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Mongolia Cuts Rates for First Time Since 2009 to Support Growth - Bloomberg

Mongolia Cuts Rates for First Time Since 2009 to Support Growth - Bloomberg: "The Bank of Mongolia reduced its policy rate to 12.5 percent from the previous 13.25 percent effective yesterday, according to a table on the monetary authority’s website and confirmed by chief economist Sandagdorj Bold. The central bank is confident it will be able to achieve its 8 percent inflation target for this year, Bold said in a telephone interview."

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Mongolian ex-president laundering case shows Asian banks need a tight PEP regime, say officials - M.A.D. Investment Solutions

Mongolian ex-president laundering case shows Asian banks need a tight PEP regime, say officials - M.A.D. Investment Solutions: "Former Mongolian President Enkhbayar was imprisoned last month in Ulan Bator, after having been under investigation by Mongolia’s six-year-old anti-graft body, the Independent Authority Against Corruption (IAAC). The IAAC has claimed that some of Hong Kong and Singapore’s biggest banks were used for money laundering by a syndicate connected to Enkhbayar. The IAAC alleges that shell companies and bank accounts in Hong Kong and Singapore have been used by some wealthy Mongolians, including Enkhbayar, to transfer funds illegally out of the country.
Mongolia’s economy is currently undergoing a mining and resources boom, as countries and multinational businesses seek access to its copper, gold, uranium and coal reserves. In such instances, some politically connected officials may turn to corruption in order to benefit personally from the high demand."

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BBC News - Mongolia ex-leader Nambar Enkhbayar jailed

BBC News - Mongolia ex-leader Nambar Enkhbayar jailed: "Former Mongolian President Nambar Enkhbayar has been jailed for four years after being convicted of corruption.

Mr Enkhbayar was arrested in April and charged with misusing property and government power.

The 54-year-old, who served as prime minister and then president until he lost office in a 2009 poll, denied the charges and called them politically motivated.

He says he will appeal."

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Mongolian election commission bars ex-president from running in upcoming election - The Washington Post

Mongolian election commission bars ex-president from running in upcoming election - The Washington Post: "ULAN BATOR, Mongolia — Election officials have barred a former Mongolian president from running for parliament over corruption charges, a move that could deny the still influential politician a role in the upcoming elections.

Mongolia’s General Election Commission voted Thursday to reject the candidacy of Enkhbayar Nambar due to questions about his integrity. It also deemed his 25-year-old son Batshugar Enkhbayar as ineligible to run because he has yet to serve the two years in the military that is compulsory for all Mongolian men."

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BBC News - Mongolia ex-leader Nambar Enkhbayar condemns trial

BBC News - Mongolia ex-leader Nambar Enkhbayar condemns trial: "Former president of Mongolia Nambar Enkhbayar has accused the authorities in his country of waging a politically motivated legal campaign against him.

Mr Enkhbayar was arrested in April and is due to stand trial on Monday on charges of corruption and of misusing property and government power.

He says the authorities want to stop him contesting a parliamentary election on 28 June.

The legal proceedings are threatening to overshadow the election.

Mongolia has previously been praised in the West for its transition to democracy."

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EU Urges Mongolia To Treat Ex-President's Corruption Case Fairly

EU Urges Mongolia To Treat Ex-President's Corruption Case Fairly: "RTTNews) - The European Union on Friday urged authorities in Mongolia to ensure that the case of former president Nambaryn Enkhbayar, who is accused of corruption, is treated fairly with full respect to democratic principles.

"We have been closely following the developments in the case of the former President of Mongolia, Nambaryn Enkhbayar. We trust that this case will be treated transparently and with full respect for democratic principles, the rule of law and human rights," said a statement issued by the office of EU foreign policy chief on Friday."

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Facing Trial, Ex-Mongolia President Calls Charges Political - NYTimes.com

Facing Trial, Ex-Mongolia President Calls Charges Political - NYTimes.com: "ULAN BATOR, Mongolia — As he prepared to go on trial for corruption on Thursday, this country’s previous president lay in a wrinkled hospital bed, where he was recovering from a 10-day hunger strike he waged to protest being held in detention by the current government."

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Mongolia’s Democracy Tested by Ex-President’s Arrest - NYTimes.com

Mongolia’s Democracy Tested by Ex-President’s Arrest - NYTimes.com: "With the health of Nambaryn Enkhbayar, the former president, deteriorating rapidly, the government is holding firm, throwing Mongolia’s young democracy into turmoil in a crisis freighted by dueling accusations of corruption and human rights abuses.

“This is likely to open a Pandora’s box,” said Mark C. Minton, a former American ambassador to Mongolia. “It will do no good for Mongolia’s reputation and due process or rule of law, which is already shallowly rooted.”"

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