PAPER TRAIL:The committee is also investigating the whereabouts of NT$94 million the KMT withdrew from the Minsheng Development Foundation last year
Date: Jan 03, 2017
By: Yang Chun-huei and William Hetherington / Staff reporter, with staff writer
The Ill-gotten Party Assets Settlement Committee is on Jan. 28 to begin examining evidence regarding the Chinese Nationalist Party’s (KMT) alleged affiliation with four foundations.
If the Minsheng Development Foundation (民生建設基金會), the Minchuan Foundation (民權基金會), the Mintsu Foundation (民族基金會) and the National Development Fund (國家發展基金會) are found to be affiliated with the KMT, the NT$180 million (US$5.58 million) that has been donated to them by Hsinyutai Co (欣裕台) — which the committee has concluded was founded using illegally obtained assets — would be seized as ill-gotten assets, committee spokeswoman Shih Chin-fang (施錦芳) said.
Shih said the committee recently uncovered the donations made by the company to the four foundations, adding that it is investigating the whereabouts of NT$94 million the KMT withdrew from the Minsheng Development Foundation in November last year.
Shih said that discussions are under way on how to proceed with the foundations’ seizure if they are discovered to be linked with the KMT. [FULL STORY]