WALKOUT:One of the KMT’s witnesses said that the party assets committee had turned the hearing into an inquisitorial session and he could not put up with it
Date: Oct 08, 2016
By: Sean Lin / Staff reporter
Representatives of the Chinese Nationalist Party (KMT) and the KMT-owned Central Investment Co (中
央投資公司) yesterday criticized the Act Governing the Handling of Ill-gotten Properties by Political Parties and Their Affiliate Organizations (政黨及其附隨組織不當取得財產處理條例) as unconstitutional and protested what they said were flaws in a hearing arranged by the Committee of Illegal Party Asset Settlement.
The committee yesterday held a hearing in Taipei to determine whether Central Investment Co and its subsidiary Hsinyutai Co (欣裕台) should be considered KMT affiliate organizations; whether Central Investment Co president Gordon Chen (陳樹) and four other listed shareholders acquired their shares via a KMT-established trust; whether the KMT’s shares in the two firms were ill-gotten assets; and whether those shares should be transferred to the nation, local governments and the shareholders from whom the KMT allegedly acquired them.
During a committee question-and-answer session, Chen and a Central Investment accountant confirmed that the KMT is the sole shareholder in the two firms. [FULL STORY]