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Mongolia has no laws pertaining to offshore accounts

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M.Jargal
2016-05-20
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Recently, websites are reporting that General Police Authority is conducting an investigation on politicians with offshore accounts.

However, General Police Authority responded that there is no legislation to examine the politicians with offshore accounts thus we will not conduct any investigation. In other words, Mongolia has no laws pertaining to offshore accounts. 

Kyokshyuzan D.Batbayar submitted his application to the Independent Authority against Corruption requesting an  investigation.

Additionally, President Ts.Elbegdorj warned politicians with offshore accounts not to run for an election.

Kyokshyuzan D.Batbayar might not run for an election as he is preparing for the retirement ceremony of his friend Tsevegnyam, professional sumo wrestler, that is to be held in June. 

But the remaining politicians involved in the offshore account scandal includes S.Bayartsogt, Su.Batbold, D.Tsogtbaatar, B.Delgersiahan and they are expected to stand for election. 

Recently, websites are reporting that General Police Authority is conducting an investigation on politicians with offshore accounts.

However, General Police Authority responded that there is no legislation to examine the politicians with offshore accounts thus we will not conduct any investigation. In other words, Mongolia has no laws pertaining to offshore accounts. 

Kyokshyuzan D.Batbayar submitted his application to the Independent Authority against Corruption requesting an  investigation.

Additionally, President Ts.Elbegdorj warned politicians with offshore accounts not to run for an election.

Kyokshyuzan D.Batbayar might not run for an election as he is preparing for the retirement ceremony of his friend Tsevegnyam, professional sumo wrestler, that is to be held in June. 

But the remaining politicians involved in the offshore account scandal includes S.Bayartsogt, Su.Batbold, D.Tsogtbaatar, B.Delgersiahan and they are expected to stand for election. 

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M.Jargal
Category
Politics
Published
2016-05-20


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