PROOF:KMT officials insist the party has provided evidence of the legal sources of capital for Central Investment Co, which owns the building housing its headquarters
Date: Nov 25, 2016
By: Chen Wei-han / Staff reporter
The government could take over the Chinese Nationalist Party’s (KMT) headquarters in Taipei’s
Zhongshan District (中山) if Central Investment Co (中央投資) — a KMT-funded holding company that owns the building — is found to be an illegally obtained asset, Ill-gotten Party Assets Settlement Committee Chairman Wellington Koo (顧立雄) said.
Koo said the committee is to hold an extraordinary meeting today to determine the status of Central Investment and its spinoff, Hsinyutai Co (欣裕台).
If the two companies are recognized as ill-gotten party assets, properties registered under the two companies — including the KMT headquarters — will be transferred to the government, Koo said during a radio interview on Wednesday.
If Central Investment is ordered to return the property to the state, the building could be used for public purposes, such as a library, after a lease between the KMT and Central Investment expires, Koo said. [FULL STORY]