The U.S. is seeking to forfeit two New York City apartments a former Mongolian prime minister bought with stolen mining funds, prosecutors said on Tuesday, as U.S. officials crack down on money laundering in high-end real estate. Federal prosecutors in Brooklyn said former Prime Minister Sukhbaatar Batbold and his family bought the two midtown Manhattan apartments for a total of $14 million in 2012 and 2015. They said the money came from a $68 million mining contract awarded to Hong Kong-registered Catrison Limited in 2011 to buy copper concentrates from the Erdenet copper mine in Mongolia, one of the biggest in Asia.
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