CONTRIBUTION:Liu Tai-ying said that the businesses run by the KMT were making NT$2 billion per year before his term and that he helped it earn NT$10 billion per year
Taipei Times
Date: Mar 25, 2016
By: Alison Hsiao / Staff reporter
Former Chinese Nationalist Party (KMT) treasurer Liu Tai-ying (劉泰英) said
Former Financial Holdings Corp chairman Liu Tai-ying is pictured on Feb. 19, 2014. Photo: CNA
it is “heart-wrenching” that the KMT accused him of incurring great losses to the party during his time as treasurer, but disregarded that he had secured at least NT$70 billion (US$2.15 billion) in profits for the party during the same period.
In an interview with the Chinese-language Wealth Magazine, Liu said he had not been responsible for managing party assets, which is in the purview of the party’s finance department. “All I did was operate party-run enterprises; all I did was earn money,” he said.
The KMT recently stated in its party assets report that in 2001 alone, Liu had spent NT$42.7 billion to bail out companies that ran poorly.
In response, Liu said he had taken over the position of the chief director of party-run businesses in 1993 and stayed on the job for seven years. [FULL STORY]
