KMT to delay salary payments to employees after bank account freeze

Focus Taiwan
Date: 2016/09/30
By: Tang Pei-chun and Lilian Wu

Taipei, Sept. 30 (CNA) The opposition Kuomintang (KMT) said Friday that it will have to delay September salary payments for its employees due to financial difficulty after an Executive Yuan committee froze its main bank account.

The party will have to apply to the Taipei High Administrative Court to stop the freeze, a party official said at a news conference.

Steve Chan (詹啟賢), the party’s vice chairman, said the party will also ask lawyers to send letters to two banks — Bank SinoPac (永豐銀行) and Bank of Taiwan (台灣銀行) — to ask them to agree to the party’s continued use of the deposits and to honor its checks.

KMT Administration and Management Committee Director Chiu Da-chan (邱大展) said that the Ill-gotten Party Assets Settlement Committee’s move to freeze the bank account has resulted in financial difficulty for the party.     [FULL  STORY]