former Member of Parliament · former chief executive of the Development Bank of Mongolia
Feedback is not proof of wrongdoing.
THE STORY
The banker who beat the Development Bank case. He ran XacBank for five years, then ran the Development Bank itself, then stood accused in the biggest banking case of the decade. In June 2023 the court found him not guilty and dismissed the case. The acquittal is a court outcome, and it leads his record. His wife is an honorary consul of the Netherlands. His declaration lists stakes in seven companies, one of them twice, at two different percentages.
THE NETWORK
Wife
B. Delgermaa · honorary consul of the Netherlands (exequatur March 2022, iSee.mn) · reported to have brought Louis Vuitton to Mongolia (Arslan.mn) · the company behind that report is not verified
›
First marriage
Reported (Arslan.mn) · Elizabeth Gesson · twin daughters born in 2006 · they are adults · their names are not published here
›
Children
Four children in total, by his own interview (iKon.mn, 2023) · names are not published here
›
XacBank
General director 2014–2019 · the bank he ran before politics · printed as career
›
Development Bank of Mongolia
Acting chief executive 2019–2020 · the state bank at the center of the case in his record · a state post, not his company
›
Erchist Mongol
Chief executive of the state enterprise in 2025 · his resignation was reported in February 2026 (UBN.mn)
›
Declared shareholdings
His 2022 declaration (via UIH.mn) lists BD Nolar LLC 100%, Vontime LLC 15%, VLA Mongolia LLC 10%, Tegshtaishir Group LLC 10%, Uyaach App LLC 7.5% and Erksis Mongolia LLC 2.6%
›
Tegsh Bulan LLC · the conflicting entry
His 2022 declaration lists Tegsh Bulan (registration 4142209) twice, at 5% in one entry and 25% in another · the conflict is printed as it stands · the original filing is the settling document
›
MONEY
His income series is not yet in the project pipeline · his 2022 declaration lists the shareholdings printed in the network block · no figure is printed here that the pipeline has not collected
RECORD
The Development Bank case · acquitted
In the Development Bank case the court found him and Kh. Ganhuuyag not guilty and dismissed the case on 26 June 2023 (iKon.mn) · an acquittal is a court outcome · no conviction stands against him
His answer on the case
He told the hearing coverage that he and Ganhuuyag had not been friends in 2019 (iKon.mn, April 2023)
Every line opens its source.
THE INTERNATIONAL FILE
International check · engine sweep 26 October 2026
ICIJ Offshore Leaks · no verified match in the targeted search (not a conclusive database clearance) · no international record located
RECORDS BY YEAR
2014General director of XacBank
2020Member of Parliament
2023Acquitted in the Development Bank case
2025Chief executive of Erchist Mongol
A filled seal is documented. An open seal is an allegation, source named.
How to read this page. Every line names its source. A line marked ALLEGATION is a claim already published by the named source and already in the public record. Decode Mongolia republishes it as reported, with the source named, and has not verified it. An allegation is not a finding, and nothing on this page is proof of wrongdoing.