Non-declaration of assets : CIABOC proposes increase in fines | Page 2 | Sunday Observer

Non-declaration of assets : CIABOC proposes increase in fines

The fines for failure to declare assets by politicians and State officials will be increased hundredfold on a proposal by the Commission to Investigate Bribery or Corruption (CIABOC).

CIABOC Commissioner C. Neville Guruge said they have put forth the proposal to increase the fine from the current Rs.1,000 per year to Rs.100,000 per year and this is expected to be taken up when the next amendment is effected to the Bribery Act and the Declaration of Assets and Liabilities law.

“We have pointed out that the current fine is an absolute insult to law abiding citizens of the country,” he said, adding that they have also asked to impose a punishment along with the fine to help implement the law more effectively.

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