Abdul Karim cancels the purchase of Ulaanbaatar Times printing factory


Last weekend, Abdul Karim sent an official letter to the State Privatization Commission, requesting to cancel his purchase of the Ulaanbaatar Times printing factory.
The printing factory, which covers an area of 2,698 square meters, was auctioned on November 30, and Abdul Karim won with the highest bid of 24 billion MNT. Abdul Karim is a Qatar-born Mongolian citizen, but many people questioned his legal rights to purchase the state-owned property on social media. The public became curious about the identity of the winning bidder, and media outlets shared interviews about Karim with people who claimed to have information about him.
Abdul Karim explained in his application for cancellation that various comments on social media caused him to reconsider the purchase of the Ulaanbaatar Times printing factory.
“I’m deeply upset that media outlets and social media have been spreading unpleasant and false information about me and my family. After consulting with my wife and son, I’ve decided to cancel my decision,” he stated.
Mayor of Ulaanbaatar E.Bat-Uul sent a letter to Abdul Karim in regards to his decision. “I don’t know what exactly caused you to change your mind, but if various rumors and comments on social media made you change your decision, I’d like to express my deepest regrets,” he wrote in the letter.
Mayor E.Bat-Uul stated that Mongolia was democratic and that the people of Mongolia have the right to freedom of speech and to freely express opinions on social media. Even so, he pointed out at the end of the letter that Abdul Karim can take legal action if he has felt threatened or received harassment in any way.
Many people questioned the whereabouts of Abdul Karim’s large sum of money to complete the purchase. Head of the Ulaanbaatar City Property Relations Agency Sh.Tumurbaatar said that Karim was going to receive support from internationally recognized funding sources. Sh.Tumurbaatar said it was unlikely that Karim would use illegal funds for a purchase made through an open auction.
Abdul Karim paid a 710 million MNT deposit in advance before participating in the auction. This amount will not be returned pursuant to auction rules, as he has cancelled his purchase. Abdul Karim’s 710 million MNT will be transferred to a state account.
The next highest bidder in the auction, Director of Tavan Bogd Group Ts.Baatarsaikhan, will now be able to purchase the printing factory. Director Ts.Baatarsaikhan offered 23.85 billion MNT at the auction. In the case that he refuses the offer, another auction will be held for the Ulaanbaatar Times printing factory within 14 days.

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Posted by on Dec 9 2015. Filed under Domestic. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

2 Comments for “Abdul Karim cancels the purchase of Ulaanbaatar Times printing factory”

  1. If he is withdrawing from the purchase just because of the social media, that’s sign of weakness. His lack of confidence in his ability to withstand in business and politics proves that he is not a material for running business in his adopted country. The social media is a dumping ground and it’s nothing to be taking seriously.

  2. Let all the ethnophobes rejoice! This is clearly a win for true Mongolian blood! No matter this mans “citizenship” he will never be a true Mongolian.

    Of course this is all sarcasm. Mongolians should be ashamed of themselves. The only direction this hatred goes is down into the pits of despair. Hopefully the weather is warm down there.

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