Taipei Times
Date: Sep 27, 2016
By: Chen Wei-han, Yang Chun-hui and William Hetherington / Staff reporters, with staff writer
The Ill-gotten Party Assets Settlement Committee yesterday rejected the Chinese Nationalist Party’s (KMT) request to unfreeze assets to pay party employees’ salaries, urging the party to restructure itself to balance its books with legal funds.

The committee on Wednesday last week froze NT$460 million (US$14.63 million) of KMT assets at Bank of Taiwan. With access blocked to its accounts at Bank SinoPac and checks from its Bank of Taiwan accounts frozen, the KMT has postponed payment of this month’s salaries.

Sources in the party said KMT Administration and Management Committee director Chiu Da-chan (邱大展) and deputy director Lee Fu-chuan’s (李福軒) on Thursday last week met with Ill-gotten Party Assets Settlement Committee Chairman Wellington Koo (顧立雄) to inquire about the salary issue, but the two sides did not reach any conclusion.

Ill-gotten Party Assets Settlement Committee spokeswoman Shih Chin-fang (施錦芳) yesterday confirmed a visit by Chu, who asked that it temporarily lift a freeze on the party’s accounts and checks to pay for employees’ salaries.     [FULL  STORY]