Many politicians whose offshore companies were revealed but that were not include in their income declarations have come to light.

One of these politicians was the Deputy Speaker of Mongolia, Sangijav Bayartsogt. He confirmed that his account at one point contained more than one million US dollars when he was confronted with the evidence of his offshore entity and secret Swiss bank account.

Sangijav Bayartsogt who signed the controversial Oyu Tolgoi Investment Agreement in 2009 agreed that he has not informed about the offshore company and secret bank account during press conference. 

Currently the Anti Corruption Authority has not started an investigation into the case.  The Ethic”s Sub-Committee of Parliament should discuss the MP`s law breaking case according to law.

The Chairwoman of the Ethic”s Sub-Committee, Migeddorj Batchimeg, spoke stated that “the issue is not included in the subjects to be discussed yet. Members of the Ethic”s Sub-Committee are analyzing the case.”

The case is therefore expected to be discussed soon in Parliament

Parliament will discuss the case after the Ethic”s Sub-Committee has spoken about the issue. It might then be transferred to the Anti-Corruption Authority if it is seen as necessary. If it is not, Parliament will take responsibility due to its power.

MP and Deputy Speaker Sangijav Bayartsogt might be demoted, imposed a fine or reprimanded for failing to include his secret bank account and offshore entity in the income declaration.