The 10th Appeal Court for Criminal Case of Mongolia has upheld the initial verdict and dismissed the appeal by SouthGobi Resources in relation to charges of tax evasion. The company appealed the verdict issued by the Second District Criminal Court of Justice.

The appeal hearing took place on March 25, 2015 and the panel of three appointed judges decided to uphold the initial verdict. The company firmly rejects the appeal verdict.

The company provided a detailed and methodical rebuttal on the merits of the case addressing each accusation, while also vigorously presenting to the panel of judges the grave procedural errors admitted by the Second District Criminal Court during the trial.

To the company’s deepest regret, the Court of Appeal decided to ignore its arguments altogether and uphold the initial verdict in its entirety. It was further disappointing that the panel of judges from the Appeal Court has not provided any explanation whatsoever on the reasoning to uphold the initial verdict.

In a statement SouthGobi said: “The company views that the initial verdict and subsequently the appeal verdict are reached on the basis of the same erroneous and false reports, and it has been demonstrated that there is a complete lack of evidence to support both verdicts.

“The company reiterates that it has not committed tax evasion and is resolute in continuing to defend itself through all available legal means including an appeal.”

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