Wang admits to buying 12 military apartments

Taiwan News
Date: 2015-12-08
By: Matthew Strong, Taiwan News, Staff Writer

TAIPEI (Taiwan News) – Following repeated allegations, Kuomintang vice-presidential

Wang admits to buying 12 military apartments.  Central News Agency

Wang admits to buying 12 military apartments. Central News Agency

candidate Jennifer Wang admitted Tuesday that she had bought twelve military apartments and sold nine of them at a profit.

Her latest explanations follow weeks of accusations that she profited from real estate speculation involving the purchase and sale of apartments targeted at low-income military families. The allegations have damaged the image of the KMT ticket further, just five weeks from the January 16 elections.

At a special news conference she called Tuesday to respond to the stream of allegations, she said that before 2003, she had bought twelve military apartments and sold nine of them at a total profit of NT$13.8 million (US$420,000).

At present, she still owned three of the apartments, one in her husband’s name, one owned by a sister and one by their mother, she said. Wang added she would donate the full profit from the earlier sales to charity.     [FULL  STORY]

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