"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.
