Broadcasting company ruled to be KMT affiliate; set to lose assets

Focus Taiwan
Date: 2019/09/24
By: Wu Po-wei, Yeh Su-ping and Frances Huang

Taipei, Sept. 24 (CNA) The Cabinet-level Ill-gotten Party Assets Settlement Committee (IGPASC) said Tuesday that it has determined that the Broadcasting Corporation of China (BCC) is affiliated with the opposition Kuomintang (KMT).

At a meeting that day, the IGPASC issued a ruling indicating that the BCC's assets valued at about NT$7.73 billion (US$249.35 million) were obtained by the KMT in an inappropriate way, and so belong to the state.

As a result, the commission will pursue a transfer of the assets to the state, the IGPASC said.

The assets include 13 parcels of land and buildings, such as the Treasure Palace, a luxury residential apartment block located on Ren'ai Road, Section 3 in downtown Taipei, the IGPASC said.
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