KMT petitions for court injunction to thaw frozen assets

The China Post
Date: October 1, 2016
By: Yuan-Ming Chiao

The Kuomintang (KMT) said Friday that it had requested a court injunction against the Cabinet-level Ill-

KMT Vice Chairman Steve Chan, left, and Administration and Management Committee Director Chiu Da-chan (邱大展), speak at a press conference held at party headquarters in Taipei, Friday. The KMT filed for an injunction against a government agency charged with the settlement of ill-gotten party assets after the agency froze several party bank accounts last month. (CNA)

KMT Vice Chairman Steve Chan, left, and Administration and Management Committee Director Chiu Da-chan (邱大展), speak at a press conference held at party headquarters in Taipei, Friday. The KMT filed for an injunction against a government agency charged with the settlement of ill-gotten party assets after the agency froze several party bank accounts last month. (CNA)

gotten Party Assets Settlement Committee (IGPASC, 不當黨產處理委員會) to challenge the agency’s decision to freeze party accounts on Sept. 21.

In a press conference, KMT Vice Chairman Steve Chan (詹啟賢) said that the party had filed for an injunction from the Taipei High Administrative Court after the Cabinet committee ordered Bank Sinopac to ban account withdrawals and grant only deposits.

The KMT said that the assets freeze was preventing it from paying party employees.

IGPASC spokeswoman Shih Chin-fang (施錦芳) cast doubt on the KMT’s claim, saying the party still had NT$85 million (approx. US$2.71 million) in assets generated from political contributions.

“If the KMT cannot be honest with its employees, how can the public trust that it will honestly handle the matter?” she stated.     [FULL  STORY]

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