CAIRO: The Illicit Gains Authority will conduct inquires into the assets of lawmakers who held office from between 2010 and 2012, who would run for the parliament election after and have refused to submit financial disclosure reports, said an official in the IGA Sunday.
Regulations stipulate that any former lawmaker who wants to run for the upcoming parliamentary elections must submit financial disclosure reports about his/her assets, spouse and young children.
The official, who refused to be named because he was not authorized to speak to media, told Youm7 that if any violations are proved, the assets would be immediately confiscated.
In July 2014, the Cairo Appeal Court for Urgent Matters overturned a verdict of banning former members of the dissolved National Democratic Party to run for elections.
Egyptians will choose their new House of Representatives beginning March 21; the elections will be carried out in two phases and end on May 07, the Egypt’s High Elections Committee (HEC) chairperson Ayman Abbas announced in a news conference Jan. 08.