The China Post
Date: October 1, 2016
By: Yuan-Ming Chiao
The Kuomintang (KMT) said Friday that it had requested a court injunction against the Cabinet-level Ill-
gotten Party Assets Settlement Committee (IGPASC, 不當黨產處理委員會) to challenge the agency’s decision to freeze party accounts on Sept. 21.
In a press conference, KMT Vice Chairman Steve Chan (詹啟賢) said that the party had filed for an injunction from the Taipei High Administrative Court after the Cabinet committee ordered Bank Sinopac to ban account withdrawals and grant only deposits.
The KMT said that the assets freeze was preventing it from paying party employees.
IGPASC spokeswoman Shih Chin-fang (施錦芳) cast doubt on the KMT’s claim, saying the party still had NT$85 million (approx. US$2.71 million) in assets generated from political contributions.
“If the KMT cannot be honest with its employees, how can the public trust that it will honestly handle the matter?” she stated. [FULL STORY]