ULAN BATOR, Oct. 29 (Xinhua) -- Mongolian President Khaltmaa Battulga has submitted an official letter on dissolving the State Great Khural, or parliament, after financial irregularities by some members of parliament were made public, the president's press office reported Monday.
The proposal was submitted to the speaker of the parliament Miyegombo Enkhbold after reports were made public that some members of the Mongolian parliament and their relatives have obtained a number of loans with low interest rates from a fund which is aimed at developing small and medium-sized enterprises.
The Mongolian parliament and government that formed as a result of 2016's parliamentary election have not fulfilled their promises to the Mongolian people and violated laws and regulations by abusing their powers, the letter read.
"Thus, I believe that the parliament will be no longer allowed to exercise its full powers. The parliament has to reach consensus on the dissolution," it added.
