The China Post
Date: January 24, 2017
By: The China Post news staff
TAIPEI, Taiwan — The Kuomintang (KMT) may have gained an at least temporary
The Kuomintang (KMT) may have gained an at least temporary reprieve in its battle to regain control of assets frozen by the government.
reprieve in its battle to regain control of assets frozen by the government.
The Taipei High Administrative Court ruled Monday that the party should have access to the funds — totaling more than NT$740 million — until a lawsuit between itself and the Ill-gotten Party Assets Settlement Committee was settled.
The committee in November ordered a freeze on the assets, namely NT$330 million in deposits in a Bank SinoPac account and eight checks, each with a face value of NT$52 million, issued by the Bank of Taiwan.
Whether it was legal for the committee to freeze the accounts was questionable, the court found. [FULL STORY]
