Intelligence agency uncovers forged secret government resolution used to target foreign investors

Mongolia's General Intelligence Agency has uncovered a group suspected of forging a secret government resolution in an attempt to defraud foreign investors and has opened an investigation, iSee.mn reported on 9 November 2026.

According to the report, Mongolian citizens identified only as "B" and "D", acting with others, are suspected of forging a secret government resolution, letters, seals and stamps of a state-owned enterprise and cooperation agreements in an attempt to cause very large losses to foreign investors.

The forged resolution purported to instruct the state-owned Erdenet Mining Corporation and a named Chinese company to sign a USD 300 million agreement for the sale and purchase of minerals. The group is also suspected of forging a letter from Erdenet guaranteeing the supply of raw materials and a cooperation agreement, including the company's seal and the signature of its chief executive, the report said.

The suspects have been detained and the investigation is continuing. They have not been found guilty by a court, and the intelligence agency has not yet released further official details.