The Anti -Corruption Authority investigates MP S.Bayartsogt
The Anti -Corruption Authority has started an investigation into S.Bayartsogt after the Prosecutor General"s Office accepted the investigation request made by the ACA.
After it was revealed that MP S.Bayartsogt fail to include his secret Swiss bank account and offshore entity in the income and asset declaration as a State official, the Ethic`s Sub-Committee of Parliament discussed the issue. The Ethic`s Sub-Committee of Parliament agreed the issue was a ethic failure but decided that was not a good reason to dismiss S.Bayartsogt from his MP position.
S.Bayrtsogt confirmed that he did make a mistake by failing to include his offshore company and Swiss bank account and submitted his resignation as Deputy Speaker. The Parliament accepted his resignation.
The resigned Deputy speaker spoke about his offshore entity saying “I should have included my Legend Plus Capital Limited offshore company in the income and asset declaration.”
But he said he didn’t use the offshore entities to avoid taxes because the venture didn’t produce any income.
If the Prosecutor General"s Office believes that a criminal proceeding is necessary the Office will submit a request to dismiss him as a Member of Parliament.
After it was revealed that MP S.Bayartsogt fail to include his secret Swiss bank account and offshore entity in the income and asset declaration as a State official, the Ethic`s Sub-Committee of Parliament discussed the issue. The Ethic`s Sub-Committee of Parliament agreed the issue was a ethic failure but decided that was not a good reason to dismiss S.Bayartsogt from his MP position.
S.Bayrtsogt confirmed that he did make a mistake by failing to include his offshore company and Swiss bank account and submitted his resignation as Deputy Speaker. The Parliament accepted his resignation.
The resigned Deputy speaker spoke about his offshore entity saying “I should have included my Legend Plus Capital Limited offshore company in the income and asset declaration.”
But he said he didn’t use the offshore entities to avoid taxes because the venture didn’t produce any income.
If the Prosecutor General"s Office believes that a criminal proceeding is necessary the Office will submit a request to dismiss him as a Member of Parliament.
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