On July 24, the President of Mongolia Khaltmaagiin Battulga called on politicians, public servants and their relevant people on offshore account.<\/p>\n
President\u2019s call states: \u201cSome politicians, public servants and their relevant people in Mongolia have been widely criticized for hiding their bribery, illegal profit and dirty money in offshore account to avoid taxes. The public media has uncovered news that some of their dirty money has already turned into luxury real estate.<\/p>\n
List of 42 countries is considered as offshore financial centers by the International Monetary Fund and the Economic Cooperation Organisation. According to the International Consortium of Investigative Journalists\u2019 report, a total of 49 Mongolian citizens have offshore accounts in these 42 countries.<\/p>\n
Politicians, public servants and their relevant people, who are having offshore accounts to keep their money to avoid taxes, fueling public hesitation and harming people\u2019s belief in justice. Mongolia did not have specific laws or regulations on having an offshore account until 2017. Therefore, I would like to call on the politicians, public servants and their relevant people who have offshore account to take back and transfer your money from offshore account into Mongolia.<\/p>\n
As the President of Mongolia, I would like to call on the politicians, public servants and their relevant people who are holding offshore account to close down their offshore accounts and transfer the money into Mongolian bank within\u00a049<\/b>\u00a0days from July 24, 2017.<\/p>\n
The people who refused to fulfill this requirement and did not transfer their money into Mongolian bank will be investigated and face legal obligation\u201d.<\/p>\n","protected":false},"date":"2017-07-24T02:32:14","excerpt":{"rendered":"
On July 24, the President of Mongolia Khaltmaagiin Battulga called on politicians, public servants and their relevant people on offshore account. President\u2019s call states: \u201cSome politicians, public servants and their relevant people in Mongolia have been widely criticized for hiding their bribery, illegal profit and dirty money in offshore account to avoid taxes. The public […]<\/p>\n","protected":false},"related_posts":[]}