RECOVERY OF STOLEN ASSETS – Part II

If an audit were to be carried out in respect of the assets of the present elected members of Parliament, it is very likely that many of the MPs, may be found to be in contravention of the provisions of the Assets and Liabilities Law, and it is likely that many may have failed to submit their declarations consistently during their tenures

Another important legislation is the Declaration of Assets and Liabilities Law, No. 1 of 1975, as amended. In terms of this law, it is required that Members of Parliament or elected members and staff officers of local authorities make a declaration of all of their assets and liabilities, of their spouse and their children. Therefore, a simple comparison of the assets declared by these elected officials to any assets that they may be currently holding, would easily reveal undisclosed assets. 


Declaration of Assets and Liabilities Law

https://www.dailymirror.lk/opinion/RECOVERY-OF-STOLEN-ASSETS-Part-II/172-236814

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