Ulaanbaatar /MONTSAME/ The Democratic Party (DP) has expelled former Minister of Finance S.Bayartsogt in the wake of corruption allegations against him.
The Party representatives led by Secretary-General Ts.Tuvaan held a press conference today at the party's headquarters, holding an ordinance dated March 20 and signed by Party Chairman S.Erdene, which effectively excludes the former Minister from the party membership.
According to the Secretary-General, the party’s corresponding bodies have taken urgent measures after media reports surfaced regarding DP member S.Bayartsogt’s alleged link to corruption, thus resulting in expulsion.
Following its meeting today, the DP Political Council issued a statement saying, “The party believes that an individual must be held responsible before the law despite of his rank and power if he is found guilty by the court for establishing disadvantageous agreement on behalf of Mongolia or accepting bribe. We demand immediate and resolute actions to settle the recent corruption allegations against the members of former Prime Minister S.Bayar’s Cabinet and other Mongolian politicians.”
The statement also cites the possibility of reconsidering the 2009 Oyu Tolgoi Investment Agreement if S.Bayartsogt is convicted.
The Independent Authority Against Corruption of Mongolia (IAAC) also reported today that it is cooperating with the Office of the Attorney General of Switzerland
on the investigation of a criminal case on former Minister S.Bayartsogt. The press release also confirmed the seizure of a certain of amount of money in a Swiss bank account.