Taipei Times
Date: Nov 21, 2016
By: Shih Hsiao-kuang and William Hetherington / Staff reporter, with staff writer

High-ranking Chinese Nationalist Party (KMT) officials have said that the party might only be able to pay part of its workers’ salaries this month due to lackluster fundraising.

The KMT has been dogged by a salary conundrum after its bank accounts were frozen as part of an ongoing investigation into the source of its assets by the Executive Yuan’s Ill-gotten Party Assets Settlement Committee, despite managing to pay off its staff’s overdue wages for September and last month using loans taken out by KMT Chairwoman Hung Hsiu-chu (洪秀柱), with party officials acknowledging that they might only be able to pay half of this month’s salaries in a worst-case scenario.

Hung late last month borrowed NT$90 million (US$2.8 million at the current exchange rate) to pay workers’ salaries amid a threat by the KMT’s union to stage a protest should the party fail to address the issue.    [FULL  STORY]