UNDERSELLING? Ma Ying-jeou cited the sale of CTV shares to Jungli Investment Co for NT$892.5 million, even though they had a book value of about NT$700 million
Taipei Times
Date: Jul 19, 2018
By: Stacy Hsu / Staff reporter
Former president Ma Ying-jeou (馬英九) yesterday said that the Taipei District
Former president Ma Ying-jeou proclaims his innocence during a speech at a Chinese Nationalist Party (KMT) Central Standing Committee meeting at party headquarters in Taipei yesterday. Photo: Liu Hsin-de, Taipei Times
Prosecutors’ Office was “following orders” when it decided to indict him and reassured the Chinese Nationalist Party’s (KMT) Central Standing Committee that he did not undersell the party’s assets when he was party chairman.
Ma was invited by KMT Chairman Wu Den-yih (吳敦義) to address the committee regarding his sales of Central Motion Picture Corp, Broadcasting Corp of China and China Television Co (CTV).
Although the KMT on Saturday last week said in a news release that the invitation was extended as a demonstration of the party’s belief in Ma’s integrity, Wu yesterday said that the party was “not trying to fight a certain government agency, nor endorsing a specific individual.”
“We are simply hoping to examine the appropriateness of Ma’s handling of the companies’ sales through a fair and objective lens,” Wu said, adding that Ma, as a former KMT chairman, deserved a chance to explain his side of the story.
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