Mongolia pardons American, 2 Filipinos in tax case seen harming country's investment climate

February 26, 2015 10:15 AM

12 0

ULAN BATOR, Mongolia – Mongolia's president says he has pardoned an American mining executive and two Filipinos sentenced to jail for tax evasion in a case that raised questions about the Asian nation's reputation as an investment destination.

A statement Thursday from Elbegdorj Tsakhia's office said Justin Kapla, Hillarion Cajucom Jr. and Cristobal David would have the rest of their sentences of five to six years commuted.

Also read: Nicaragua Revokes Legislation That Increased Payroll Tax, Cut Pension Benefits

Read more

To category page