January 29, Colombo (LNW): The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has issued a resolute directive, establishing a deadline for the submission of asset declarations from prominent figures, including the President, Prime Minister, public servants, and media leaders.
This directive aligns with the newly enacted Bribery or Corruption Allegations Act.
In accordance with the provisions of this legislation, approximately 150,000 individuals, spanning politicians, public servants, and media figures, are obligated to furnish detailed asset and liability statements to the CIABOC on an annual basis.
The ambit of this directive encompasses individuals from thirty-one distinct sectors.
The specified deadline for compliance with this mandatory disclosure has been set at March 31st each year, imparting a sense of urgency to the process.
This regulatory measure aims to enhance transparency and accountability within various sectors by ensuring comprehensive reporting of financial interests.
