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Prosecutor reveals officials involved in SME Fund scandal www.zgm.mn
Prosecutor’s Office recently disclosed the names of suspects in an official letter addressed to the Constitutional Court.
According to local media outlets, lawyers have submitted a complaint to the Constitutional Court regarding the Small and Medium-sized Enterprises Development Fund (SMEDF) embezzlement scandal. The Constitutional Court responded that they are unable to open a constitutional violation dispute over SMEDF loans to Parliament members involved in the scandal at the moment.
Thus, the Constitutional Court answered that the same request can be issued once the court settles the SMEDF case. Regarding the SMEDF scandal, the IAAC confirmed that several high-profile officials have issued over MNT 100 billion through affiliated people and entities; however, due to the scale of these cases, the IAAC said they are unable to disclose the number of people involved as the investigation requires more time. The IAAC also confirmed that the agency has issued a request to suspend the rights of three Parliament members over the SMEDF scandal, which is currently under review by the Prosecutor, and refused to reveal the names of these MPs.
Published Date:2019-01-09
