“Аir Market” head suspected in MIAT case fled abroad

Over ten suspects have been investigated over the MIAT money laundering case under the scam of charging for a fake War Risk Insurance.

Former executives of MIAT have been arrested and detained. Recently a report by a local website has caused comment as it stipulates that the head of the ticket booking Air Market Company is also a suspect in the case.

According to a source close to the matter police arrested a suspect in the case at the border and questioned them for the case.

There is also a report that another head of the Air Market Company escaped abroad causing the investigation to stumble.

Air Market, the airline ticket sales and tour company was established ten years ago. This was the time that the former MIAT executives established a false fund under the pretenses of a War Risk Insurance to launder money in 2001.

Currently it is suspected that the MIAT money laundering case might involve even more people and reveal dark backgrounds and dealings.

Air Market is an official sales agent of MIAT-Mongolian Airlines, Air China, Korean Air, Aeroflot-Russian Airlines, Air Astana-Kazakhstan Airlines, United Airlines, Singapore Airlines, Thai Airways, Turkish Airlines, and Tianjin Airlines. The company operates through its seven branches in Ulaanbaatar city and a branch in Seoul, South Korea.

Its subsidiary, Airmarket Holiday LLC, offers package tours and tickets, hotels and pick up service bookings.

Comments

Popular posts from this blog