UK 11:25 Wednesday, 7 October 2026
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Shares in CIC Gold (CICG) are currently suspended on the Standard List of the LSE pending a proposed RTO which is a load of bollocks as I explain HERE. But what was also announced last week was that senior NED His Excellency Ulambayar Barsbold is to become COO. Righty ho. I am sure that the corporate advisor is fully briefed.
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Comments
johng
<i>Corruption in the new Mongolia was kick-started during the privatization activities of 1990 and 1996, plus through foreign loans and assistance. Most foreign assistance, in particular, food assistances, was stolen by corrupt public officials before it ever reached the intended recipients. According to research conducted by the Soros Foundation at that time, 80% of international assistance intended to alleviate poverty and food assistance was embezzled and 70% of the poor was not even included in those programs.</i>
when was this dude appointed as minister ?
“At 26 years old, he was appointed Deputy Minister of Trade and Industry Government of Mongolia (1990-1992) having responsibility for foreign trade and industrial development. During this time he successfully instituted liberalization and privatization of many corporate entities. At 26 years old, he was appointed Deputy Minister of Trade and Industry Government of Mongolia (1990-1992) having responsibility for foreign trade and industrial development. During this time he successfully instituted liberalization and privatization of many corporate entities. “
johng
Stu got in bed with this bugger (Former Minister of Nature and Environment Barsbold ….. Bromley wants him to become COO of CICG) :
Http://english.news.mn/content/108702.shtml
Land dealing was another kind of looting. Most people assume that today’s land dealing mess in Ulaanbaatar City is the handiwork of ex-mayor EnkhboldMiye (now deputy Prime Minister and MP). What he stole for himself is relatively very small. But even a small amount, theft is still theft, so he could never expose Enkhbayar. But little do people know that Enkhbayar was the dealer and real supervisor of his activities. An example at hand would be of how Enkhbayar brokered the obtaining of licenses for the construction of the Blue Sky Building, and in return, now owns 15% of it. Half of that was handed to him in cash, but only after he employed threats and blackmails to delay the completion of the tower. The land for now-erected Monnis Tower was also valued at several million USD. Two of the current cases against him, concerning two large pieces of land in Ulaanbaatar’s downtown area, were completed when he was serving his last term as President. It was done in a hasty, clumsy manner because of Enkhbayar’s fear that despite all his blood and sweat, nothing would be left for him. These are not mere cases of a rusty printing factory and an old hotel, but a grand scheme concerning two perfectly located properties in downtown Ulaanbaatar that could bring him millions of USD.
Yet the most lucrative land business was held not in the downtown area, but in the outskirts of the city.
Former Minister of Nature and Environment Barsbold was his partner-in-crime in these deeds. The number of licenses for land along the road from Ulaanbaatar to Terelj National Park has risen from 7 in 2000 to over 700 in 2005. Each license fetched a bribe of around USD 40 thousand, most of which were sold to foreign nationals because they were least likely to raise a hue and cry later. The protection and control of sacred Bogd Khan Mountain range to the south of the city rests with the Ministry of Nature and Environment, not the municipal administration. Barsbold and Enkhbayar’s sale of the land surrounding Bogd Khan Mountain has proven to be enormously profitable. The entire valley of Artsat located on route to Yarmag is licensed under Enkhbayar’s mother’s name, meaning,in fact it belongs to him. Northern parts of Bogd Khan Mountain were also looted by at their hands, including the previously vacant large land surrounding Orgil Spring Sanatorium, from which Enkhbayar’s former aide Choijilsuren also profited.
enfranglais
Never before, have so many ‘iffy’ people been gathered together in a church, all paid for by taking mugs to the cleaners!!!!
Here is Barsofgold, with his retinue & TOXCICC Stew taking a well earned rest from managing 28,000 staff (load of old bollocks) but then, he has always been full of sh1t!!!!!!!!!
http://www.thenorthernecho.co.uk/news/10972317.County_Durham_pit_village_plays_host_to_millionaire_mining_magnate_s_wedding_to_Chinese_bride/