Anti-corruption agency finds no violations in President's declarations, no evidence Bodi's USD 110 million was paid out in cash

Mongolia's Anti-Corruption Agency (IAAC) and the National Police Agency's joint investigation team held a press briefing on 9 November 2026, giving updates on President U. Khurelsukh's asset and income declarations and on the USD 110 million allegations linked to Bodi International.

No violations in the President's declarations

N. Damdinsuren, head of the agency's inspection and analysis department, said the agency had carried out an unscheduled review of President U. Khurelsukh's asset and income declarations in 2025 following a complaint from a citizen. The review covered his declarations for the past five years and concluded that he had fulfilled his obligation to declare his own and his family members' income accurately, iSee.mn and Dorgio.mn reported.

According to Dorgio.mn, as of October 2026 the agency had reviewed the declarations of 155 public officials and found false or missing declarations in 55 cases, for which it has proposed sanctions. That is 76 percent more than in the same period last year. The agency has also gone to court to have 117 million togrog in assets belonging to five officials, who could not prove where the assets came from, transferred to the state.

Bodi's USD 110 million: no evidence of cash distribution

At the same briefing, investigation department head Kh. Buyantumen said a case had been opened over reports that USD 110 million was paid out as bribes during the financing of the Tavan Tolgoi–Gashuunsukhait railway between Erdenes Tavan Tolgoi, Tavan Tolgoi Railway and Bodi International, ikon.mn reported. He said he could not give details because prosecutors had not authorised their release.

Based on the facts established so far, he said, no US dollar transactions were made for the advance payment and there is no evidence that large sums in dollars were withdrawn in cash. There are, however, records of a 286 billion togrog transfer as the advance payment. Two licensed international audit firms reviewed Bodi International's finances for 2020–2025, and investigators have obtained the audit reports and are carrying out a financial investigation.

Former Prime Minister L. Oyun-Erdene alleged, when he asked the agency on 23 March 2026 to investigate then Justice and Home Affairs Minister B. Enkhbayar, that the USD 110 million advance had been withdrawn in cash and handed out to politicians involved in the deal. The investigation is continuing, and no court has found anyone guilty.