The State Supreme Court organized a press conference yesterday introducing about serious criminal cases that frightened society and shocked everybody. They informed about almost 20 savings and credit unions. Cases of savings and credit unions have been transferred to the relevant courts. For instance, even cases of the ‘New Bolor Orgil’ union which was transferred to the court, was returned back to more investigations by police. J. Altantuya, G. Bolormaa and R. Lkhamsuren, directors of ‘Oyu Alt’ were sentenced to 10 year prison sentences. Cases of ‘Globe Credit’, ‘Jiguur Invest’ and ‘Buun White lakes’ unions have not been resolved yet and are still under police investigation. They informed about the cases and requested journalists to write fairly about them. (Daily News)

Russians started contracting for the sake of Tavan Tolgoi

Tavan Tolgoi, a big coal deposit has attracted not only Mongolia’s attention but also the world’s attention during recent times. There is hearsay that our northern neighbor is the most interested. Recently Russian companies united and expressed that they are interested in investing in Tavan Tolgoi. Other Russian companies announced that they have established a consortium. However Russian media says that the Russian government is taking more tactical actions. The Kremlin considered that it is correct that a state-owned company should invest in Tavan Tolgoi instead of private companies. Russian press says that it causes contradiction when state owned companies are interested in Tavan Tolgoi besides private consortiums who want to invest in Tavan tolgoi. (Ardiin Erkh)

Mongolia drops down two places in human development

The UN Development Program produces the World human development report every year. Human development is defined under three criteria that are health, education and level of living upon which the report is based. This year’s World human development report has the title of ‘Authority and power behind the water shortage and world water crisis’. Mongolia placed 116 out of 177 countries. This indicates that our country has stepped back two places compared to last year’s study. Mongolia was placed after Bolivia and Moldavia. Our country placed in 65 out of 75 countries by the measurement of gender skills which was mentioned in the report. (Centennial News)