STAY OF EXECUTIONThe KMT chairperson faces asset freezes and detention if the KMT refuses to comply with the committee’s request, which the party says is an ‘illegal order’
Date: Jul 18, 2017
By: Chen Wei-han / Staff reporter
The Chinese Nationalist Party (KMT) has refused to pay Cabinet-ordered compensation
of NT$864.88 million (US$28.43 million) for selling properties appropriated from the Japanese colonial government, with the party saying that the properties were legally acquired and that it would appeal the order.
The Ill-gotten Party Assets Settlement Committee on June 15 ordered the KMT to pay for 458 properties appropriated from the former Japanese government, which were later sold or expropriated.
The payment was due yesterday and failure to meet the deadline could result in the freezing of assets and detention of the KMT chairperson, who acts as the party’s legal representative.
The KMT yesterday said it would launch an administrative suit against the committee’s “illegal order.”
The former Japanese properties were transferred to the KMT to compensate the party for its wartime expenses during the Second Sino-Japanese War, the party said.
The transfer was approved by a high-level decisionmaking body joined by top government and military officials and KMT dignitaries during the post-war period, and therefore the transferred properties were not ill-gotten, it said [FULL STORY]