Abu Dhabi Investment Council Wants Money Back From Golomt Bank
The Abu Dhabi Investment Council (ADIC) is desiring to sever ties with Mongolia’s biggest private lender, Golomt Bank. Created in 1995, Golomt Bank is 84.6% owned by Bodi International LLC, an industrial conglomerate. Other key investors include Credit Suisse, Swiss-Mo (owned by Urs Schwarzenbach) and Trafigura Beheer B.V.
The Ulaanbaatar-based bank and ADIC are arguing in London if the Abu Dhabi sovereign fund can redeem a five-year loan before maturity. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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