FLUSH: While two companies whose assets have been frozen were the bulk of the NT$18.9 billion, the party had NT$910 million in real estate, as well as other assets
Taipei Times
Date: Jul 14, 2018
By: Chen Yu-fu and Jake Chung / Staff reporter, with staff writer
The Chinese Nationalist Party (KMT) last year declared NT$18.9 billion
Ministry of the Interior Department of Civil Affairs Deputy Director Cheng Ying-hung, left, is accompanied by Deputy Minister of the Interior Lin Tzu-ling as he announces the release of the ministry’s 2017 Political Parties’ Assets and Finances report at a news conference in Taipei yesterday. Photo: Chien Jung-feng, Taipei Times
(US$618.54 million) in total assets and remains by far the nation’s richest political party, according to the Ministry of the Interior’s 2017 Political Parties’ Assets and Finances report released yesterday.
The annual report, which is mandated by the Political Party Act (政黨法), aims to make the finances of political parties more transparent, Deputy Minister of the Interior Lin Tzu-ling (林慈玲) said yesterday.
Of the parties that declared their finances, the Democratic Progressive Party was second-richest with NT$769 million in total assets, followed by the New Power Party — founded in January 2015 — with NT$25 million, the People First Party with NT$20 million and the New Party with NT$16 million, the report said.
The Executive Yuan’s Ill-gotten Party Assets Settlement Committee in 2016 designated Central Investment Co (中央投資) and its spin-off, Hsinyutai Co (欣裕台), as affiliated organizations of the KMT and froze the two companies’ assets through an administrative order, which the KMT has contested in an ongoing lawsuit. [FULL STORY]
