"CHINA HYWAY GROUP" and the Tuul Expressway Fraud!

A potential major money laundering scheme may be hidden behind the Hong Kong-based "HaoYuan Group," which reportedly won the tender for the Tuul Expressway—a project aimed at reducing Ulaanbaatar’s chronic traffic congestion. Although the Hong Kong "HaoYuan Group" was established in 2013, it was liquidated as early as 2016. Furthermore, there is a complete lack of ownership information in "Open Data" regarding "China Hyway Group Limited" (Registration No. 38896174), which updated its registration on December 9, 2025, and has been identified as the contractor for the Tuul Expressway project.

An investigation into the company reveals a "salty" history. Between 2013 and 2015, "China Hyway Group" operated as a subcontractor for Samsung C&T on the embankment works for the Tavantolgoi-Gashuunsukhait railway. There are also indications that they may have been involved in the Zuunbayan railway project.

"China Hyway Group" is notorious for executing cross-border project fraud. Between 2010 and 2015, the firm was embroiled in a railway reconstruction scam in Angola. Globally, it carries a "dark resume," infamous for laundering money through offshore accounts in Hong Kong and Singapore.

There is a high probability that "China Hyway Group"—the former subcontractor for Samsung C&T linked to the Gashuunsukhait railway fraud case involving Kh. Battulga a decade ago—has now "changed its mask" to secure the Tuul Expressway project.

Notably, this company was selected for the project even before it updated its official registration. Furthermore, it is impossible to view it as a mere coincidence that L. Oyun-Erdene’s government passed a resolution in July 2024—while public attention was diverted by the Naadam festival—to remove Singapore and Switzerland from the list of offshore zones.