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Key anti-ruling party leader and his son are refused registration as a nominees for parliament elections by general elections committee of Mongolia

KEY ANTI-RULING PARTY LEADER AND HIS SON ARE REFUSED REGISTRATION AS A NOMINEES FOR PARLIAMENT ELECTIONS BY GENERAL ELECTIONS COMMITEE OF MONGOLIA – June 7,2012

EVENT

According to official website of General Elections Committee of Mongolia on June 7,2012 ( http://www.gec.gov.mn/details/423), yesterday’s meeting of the Committee has discussed issue of whether to register nominee from Justice Coalition of MPRP-MNDP N. Enkhbayar after receiving documents from police, anti-corruptions and court marshals agencies.

Based on laws on Parliament and General Organization of Elections of Mongolia, members of GEC by majority have made decision to refuse registration of N. Enkhbayar as a nominee for Member of Parliament in 2012 Parliament elections.

According to top Mongolian internet portal gogo.mn(http://news.gogo.mn/r/106334), the decision was made based on clauses of the law that require to consider nominees on various attributes such as “devotion of one’s mind, labor and strength for homeland and people, ethics to respect justice and law, ability to adhere to norms and ethics of Member of Parliament.”

Also the laws provide for GEC to discuss issues under its powers by its meeting, resolve and make resolution by majority of all members of the GEC and have it signed by the Chairman and Secretary of the GEC.

Also the meeting decided to deduct nominee Enkhbayar Batshugar ( son of N.Enkhbayar) from nominee list based on not fulfilling requirement of military duty as stipulated by the law.

 

IMPACT AND CONCLUSION

In short term, we view this continued controversial events surrounding Mongolia ex-President of Mongolia, Chairman of Mongolian People’s Revolutionary Party (new MPRP), key anti-ruling party leader N. Enkhbayar as negative for Mongolian valuations to certain degree in terms of increasing political risk premium for Mongolia due to intensification of political confrontation, sensitive trend in approaching in twenty days Parliament elections on June 28, 2012 . Parliament elections in 2008 were scarred by public riots that cost five human lives and otherwise substantially damaged social harmony. 

While we believe that this highly sensitive decision has been made by GEC independently, we agree with the view expressed by Sumati Luvsandendev, director of Sant Maral Foundation, the premier Mongolian polling institution in the countries, that authorities have overall position  of efforts to neutralize in some manner N. Enkhbayar, the key anti-ruling party father figure.

Therefore, we expect that N. Enkhbayar would challenge in various ways decision of GEC and continued controversy.

At the same, in the long run we believe  there is certain degree of positive message of equality of all before law and rule of law which would be positive influence for Mongolia and investors. Furthermore, we continue to believe that the authorities will be able to monitor the situation and will not let it escalate out of control.