LEADERSHIP

SouthGobi Resources CEO arrested in China

Toronto-listed Mongolian coal miner SouthGobi Resources (CN:SGQ) announced on Friday that its chairman and CEO Mr Aminbuhe had been arrested on October 11 and was being detained in China as a suspect in a fraudulent loan case.

Staff reporter
 SouthGobi has launched a formal internal investigation into its CEO and chairman’s arrest

SouthGobi has launched a formal internal investigation into its CEO and chairman’s arrest

The company said it had learned of the news a day earlier. Four days prior, it had appointed sales general manager Bing Wang as interim CEO, saying he was appointed "on a temporary basis while Mr Aminbuhe...

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