Standard Bank Consultant Detained in Mongolia Amid Debt Dispute
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Mongolia has issued a travel ban on a New Zealand national consulting for Standard Bank Group Ltd. amid an escalation in a dispute with a local company over a debt repayment.
Chris Bradley was part of a five-person team from Africa’s biggest lender that visited Ulaanbaatar last month to seek talks with the government over $131 million in loans to Just Group LLC, a holding company, said two people familiar with the matter. The people asked not to be named because they aren’t authorized to speak publicly.