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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.

SouthGobi Resources CEO arrested in China SouthGobi Resources CEO arrested in China SouthGobi Resources CEO arrested in China SouthGobi Resources CEO arrested in China SouthGobi Resources CEO arrested in China

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...

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