April 25, 2013

Mongolian vice speaker dismissed for hidden overseas account - Xinhua | English.news.cn

Mongolian vice speaker dismissed for hidden overseas account - Xinhua | English.news.cn: "ULAN BATOR, April 25 (Xinhua) -- The Mongolian parliament on Thursday voted to dismiss Vice Speaker Bayartsogt Sangajav for his possession of an offshore company and a secret account in Switzerland.

Sixty-four lawmakers voted 56-8 to endorse the dismissal of Bayartsogt, one of the most senior and experienced politicians of the ruling Democratic Party of Mongolia.

The ousting came after a group of investigative journalists found him owning a company registered in British Virgin Islands and a bank account in Switzerland that once contained more than 1 million U.S. dollars."

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