Date: Nov 07, 2016
By: Yang Chun-huei, Lin Liang-sheng and William Hetherington / Staff reporters, with staff writer
The Chinese Nationalist Party (KMT) pays high rents to affiliated companies for its branch offices, even as it complains it lacks the money to pay its employees, Democratic Progressive Party (DPP) Legislator Tsai Yi-yu (蔡易餘) said.
As a result of action taken against the party as part of the government’s investigation into ill-gotten party assets, the KMT said it lacks the financial resources to pay its workers’ salaries because it has to pay its rents first.
A report on KMT expenditures from January to September provided by the party to the Ill-gotten Party Assets Settlement Committee showed that it paid NT$378 million (US$12 million) in rent over a five-year period — NT$6.3 million per month — for more than 160 party offices rented from Central Investment Co (中央投資公司) and other firms the committee has said are linked to the party.
The KMT has denied the alleged links. [FULL STORY]