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Saturday , August 13 2022

Staying or leaving, incumbent MPs must ‘reveal’ their assets

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KUWAIT CITY, Nov 21: While several former members of the National Assembly contesting for seats in the 2020 elections are busy on their electoral campaigns, there are entitlements awaiting them within specific deadlines, reports Al-Rai daily.

The daily quoting informed sources explained that “final financial disclosure awaits the unfortunate MPs or those who decide not to fight the electoral battle this time (within 90 days of leaving the parliamentary capacity), while those who are lucky must submit an update on their financial disclosure statement submitted earlier (within 60 days, three years from the date of submitting the last statement).

The deputies who will succeed for the first time must submit the first financial disclosure statement to the Public Authority for Anti-Corruption (Nazaha) within 60 days from the date of assuming the new position”.

The same sources pointed out that the penalties do not exceed 5,000 dinars for delaying in submitting the final declaration, and if it exceeds 90 days, the defaulted faces imprisonment for a period not exceeding three years and a fine of no less than 3,000 Kuwaiti dinars and not above 30,000 Kuwaiti dinars or one of the two penalties.

As for the delay in updating the financial disclosure statements, the text clarifies the penalty as a fine not exceeding 3000 dinars, and if it exceeds 90 days after receiving warning to update the statement, he’ll face imprisonment for a period not exceeding one year with a fine of no less than 3000 dinars and not above 10,000 dinars or either of the two penalties. Also, he may be dismissed from his job.

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