By: Matthew Strong, Taiwan News, Staff Writer
TAIPEI (Taiwan News) – The Kuomintang could go bankrupt if banks started
calling in their loans to the party, the official in charge of its assets told its Central Standing Committee Wednesday.
The issue of the KMT’s assets, and especially those illegally gained in the period after the departure of the Japanese colonial administration in 1945, has become a key issue as President-elect Tsai Ing-wen and her Democratic Progressive Party have been emphasizing the need for “transitional justice.”
The KMT’s regular weekly CSC meeting Wednesday invited the party’s Administration and Management Committee director Lin Yu-hsien to present a special report on the issue.
As on previous occasions, Lin put the total net value of the assets last December at NT$16.6 billion (US$507 million), a figure that has been widely attacked as being far too low. [FULL STORY]