Who is the Beneficial owner of Corundum Geo LLC???By looking at group's structure of STGO, what i am thinking is who really owns Corundum Geo LLC that holds UK license? Have seen before below schema (doesn't looks like Ponzi, but guessing something hidden in there)
20% ownsership belongs to local administration, 80% to Steppe west. .... Steppe gold Limited (Ontario) owns 100% shares of Steppe west. ..... Well, looks like everything legal....subsidiary Co like Steppe gold LLC.
the Q is about Beneficial ownership...."...According to the Money Laundering Act (GwG), a beneficial owner is a person who owns more than 25% of the company's shares, controls more than 25% of the voting rights or who can similarly exercise significant control over the company..."
Let me guess, Beneficial owner of STGO Ltd is Matthew Wood, STGO LLC's Bataa Tumur-ochir, Steppe west's beneficial owner is one of them......How about Corundum Geo???? Mr.Wood or Mr. Bataa???
There is nothing in EITI
https://ereporting.eitimongolia.mn/analysisByCompany/5320 Mongolia is moderate in score of transparency
https://goxi.org/blog/mongolia-achieves-moderate-score-eiti-implementation Things getting more stranger......HA-HA-HA