Mongolia’s former finance minister Sangajav Bayartsogt held in custody since April for alleged corruption was released on bail, judicial authorities said Wednesday.
Three district courts in the Mongolian capital jointly made the decision at the prosecutor’s request.
The court has also banned him from leaving the country.
In 2009, Bayartsogt signed an agreement on behalf of the Mongolian government with Canada’s Ivanhoe Mines on developing the Oyu Tolgoi copper-gold mine, granting a 66-percent controlling stake to the company, which later changed its name to Turquoise Hill Resources and is now majority owned by Australian-British mining giant Rio Tinto.
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