“The Government of Mongolia purchased 34 percent ownership in the mine which is located on its own territories under massive debts and now, the public is responsible for the repayment, not the officials who signed the agreement,” addressed the former president. Consequently, the Parliament Speaker Enkhbold Miyegombo issued a directive to establish a working group responsible for inspecting and reviewing the investment agreement of Oyu Tolgoi last friday. The working group will be led by Damba-Ochir Dorjdamba, Head of Parliament’s Standing Committee on Economy. Rio Tinto is facing similar charges related to other underdeveloped countries. According to Bloomberg, the company is currently facing probes from the U.K.’s Serious Fraud Office and Australian regulators into whether it paid bribes to secure an iron ore deposit in Guinea. Meanwhile, U.S. authorities have filed fraud charges against the firm and two former executives claiming they inflated the value of Mozambique coal assets acquired in 2011. In addition, the company is exiting coal industry as it entered an agreement with Whitehaven Coal Limited to sell its 75 percent stake in its Winchester South Coal development project in Queensland, Australia last week. According to Mining Global, Rio recently announced to sell its Hail Creek and Valeria coal assets to Glencore in a deal worth USD 1.7 billion.