Movement Against Offshore Account Holders in Motion

The United Movement Against Offshorers demanded President of Mongolia Ts.Elbegdorj and Speaker of Parliament M.

Enkhbold to take action to combat offshore account holders.During Thursday's press conference, co-organizer of the movement B.

Batsaikhan stated, "A year ago, the International Consortium of Investigative Journalists disclosed data on offshore companies. Yet, the Mongolian state hasn't made a step forward in this manner since.

Hence, our united movement now demands the President and Speaker of Parliament to actively fight against offshore account holders.""Offshoring is political corruption.

Many nations were destroyed due to corruption. The state is obliged to protect Mongolia from this danger," Head of the Liberal Federation of Senior Citizens of Mongolia G.

Baasan said. "Offshoring leads to poverty, hunger, and debt.

Why has a group of politicians opened offshore accounts? We believe it's highly possible that they sold off the natural wealth of Mongolia and made trades using projects and funds from other countries."The movement petitioned to have S.

Bayar, who reportedly has an offshore account, resign from his position as the Ambassador of Mongolia to the United Kingdom of Great Britain and Northern Ireland. They also demanded that former Prime Minister S.

Bayar be...