Reuters logo
SouthGobi Resources says CEO arrested in China
November 18, 2017 / 9:19 AM / in 24 days

SouthGobi Resources says CEO arrested in China

(Reuters) - Coal miner SouthGobi Resources Ltd said on Friday Chairman and Chief Executive Officer Aminbuhe was arrested on Oct. 11 and detained at the Rizhao City Detention Center in China as a suspect in a fraudulent loan case.

SouthGobi’s board has formed a special committee to investigate the charges against Aminbuhe, it said.

Earlier this week, the company said Aminbuhe was on leave and appointed Bing Wang as interim CEO.

A person who answered the phone at the Rizhao detention center when Reuters called on Saturday would not comment on Aminbuhe’s detention.

Aminbuhe joined SouthGobi as non-executive director in August 2015 and became the CEO a month later.

Before joining SouthGobi, Aminbuhe was a director at National United Resources Holding Ltd.

Vancouver-based SouthGobi, whose primary market is China, operates its flagship coal mine in Mongolia.

Reporting by John Benny in Bengaluru; Additional reporting by Elias Glenn in Beijing; Editing by Maju Samuel and Muralikumar Anantharaman

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below