Home Sri Lanka 80 MPs fail to submit asset declarations
Sri Lanka

80 MPs fail to submit asset declarations

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Eighty Members of Parliament have failed to submit their mandatory declarations of assets and liabilities by the June 30 deadline, according to parliamentary sources.

It is reported that a majority of those who did not comply are from the ruling party.

A list of those who complied with the requirement was handed over to the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) on July 2 by parliamentary officials.

The Commission is now expected to initiate legal procedures against those who have not complied with the statutory obligation.

Under the provisions of the recently enacted Commission Act, the CIABOC holds the authority to impose a financial penalty equivalent to one-third of the salary of any MP who fails to submit their declaration within the stipulated timeframe.

As per parliamentary regulations, every MP is legally required to declare all assets and liabilities as of March 31 each year and submit the declaration to the Speaker by that date.

In a further lapse in transparency, it has also emerged that the majority of former MPs and parliamentary staff from the previous term have similarly failed to submit their declarations.

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