Taipei Times
Date: Aug 18, 2016
By: Ou Hsiang-yi, Chen Yung-chi, Yang Chun-hui and Jonathan Ch / Staff reporters, with staff writer
The China Youth Corps on Monday last week completed the sale of an alleged Chinese
People on Monday walk past a building on Taipei’s Zhongshan N Rd Sec 1 that the China Youth Corps sold to Sunrise Construction on Monday last week. Photo: Lo Pei-der, Taipei Times
Nationalist Party (KMT) asset in Taipei, a property estimated to be worth NT$450 million (US$14.3 million), just days before the Act Governing the Handling of Illegal Assets by Political Parties and their Affiliate Organizations (政黨及其附隨組織不當取得財產處理條例) took effect, sources said.
The sale sparked a furor among Democratic Progressive Party (DPP) politicians, who said that the China Youth Corps — frequently accused of profiting as a KMT affiliate from properties and assets expropriated during Taiwan’s authoritarian era — could be trying to liquidate its assets to avoid legal scrutiny.
According to Taipei City Government public records, the organization sold the property on Zhongshan N Road Sec 1 to Sunrise Construction, formalizing the sale on July 29 and completing the transfer of its deed four days before the law took effect on Friday last week.
Committee of Illegal Party Asset Settlement chairman-designate Wellington Koo (顧立雄) said that according to the law, any entity that is an “affiliate organization of a political party” must declare its holdings, including assets that were sold to a third party prior to the act’s promulgation. {FULL STORY]
