ID: ARW-521
Mongolia Real Estate (United States of America and Singapore) case
$129.00K
Assets Returned
Country of Origin
Mongolia
Other Jurisdictions Involved
Singapore
United States
Disposition of Criminal Case(s)
At time of reporting (2020), there was an ongoing investigation/prosecution related to this case in the country of origin (Mongolia).
Professional intermediaries Involved, or allegedly involved
Just company
Company Action Initiating Asset Recovery
By an MLA request from the country of origin
Stage of Asset Recovery
Assets returned
Legal Basis for Asset Recovery in the country of origin
Conviction-based criminal prosecution and confiscation
Out-of-court Settlement Agreement
Legal Basis for International Cooperation
UNCAC
Manner of Asset Transfer
Transfer of legal title
Contributing Factors in Asset Recovery
Other
Specify Other
Egmont group, IACCC
Notes
Contributing factors in this asset recovery were the properties of director of company "Just" was found through financial investigation and use of open data. And after questioning the suspected party, the properties were confirmed and the party plead guilty and agreed to hand over the properties to compensate the damage caused to the State.
The date of asset freezing/seizure order was in 2020 in United States and Singapore.
Assets returned
#1
Assets returned
129,000.00 USD
Assets Returned (USD equivalent)
$129,000.00
Asset Type at Time of Return
Real estate
Agreement for Returned Assets
Yes – agreement under UNCAC Art.57(5)
Assets Confiscated
#1
Date of confiscation
2020
Jurisdiction
Mongolia
Asset Type at Time of Confiscation
Real estate
Assets Frozen/Seized
#1
Date of freeze/seizure
2020
Date and Country of Case Submission
January 1, 2020
Mongolia
Data Source
Official information provided by country authorities