KMT’s assets petition rejected

LEGAL BASKETBALL:Assets committee head Wellington Koo said the ruling was a minor victory and there is still some way to go in a battle akin to a basketball match

Taipei Times
Date: Dec 24, 2016
By: Jason Pan / Staff reporter

The Taipei High Administrative Court yesterday rejected a petition by the Chinese Nationalist Party

Ill-gotten Party Assets Settlement Committee Chairman Wellington Koo, right, speaks at a news conference in Taipei yesterday. Photo: Fang Pin-chao, Taipei Times

(KMT) to suspend a sanction issued last month by the Ill-gotten Party Assets Settlement Committee.

The ruling can be appealed.

The committee on Nov. 2 said that Central Investment Co (中央投資) and Hsinyutai Co (欣裕台) are KMT affiliate organizations and therefore among ill-gotten party assets accumulated over the years through political influence and unfair competition.
If the committee’s decision stands, the assets would be transferred to the state.

KMT officials filed for an administrative injunction to block the committee’s decision.

In injunction requests filed separately by the KMT, Central Investment and Hsinyutai, the applicants said the committee’s decision would result in irreparable damage to business operations.    [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.