Taipei Times
Date: Jan 21, 2017
By: Sean Lin / Staff reporter

The Ill-gotten Party Assets Settlement Committee should launch a probe into foundations headed by President Tsai Ing-wen (蔡英文) to determine whether they are Democratic Progressive Party (DPP) affiliates, an attorney said yesterday.

Yeh Ching-yuan (葉慶元), representing the Minsheng Development Foundation and the National Development Fund, made the remark at a hearing to determine whether the foundation and the fund, along with the Mintsu Development Foundation and Minchuan Development, are Chinese Nationalist Party (KMT) affiliates.

The committee earlier during the hearing said that the post of Mintsu and Minchuan foundations’ presidents have been taken by KMT Administrative and Management Committee directors, suggesting that the foundations could be linked to the KMT.

Yeh said the foundations being probed yesterday were each founded by NT$30 million (US$951,384) donated by Hsinyutai Co in Sept. 2015.

The KMT in 2010 transferred its shareholding rights in Hsinyutai to Central Investment Co chairman Gordon Chen (陳樹) and four other persons, meaning that the donations made by Hsinyutai were irrelevant to the KMT, Yeh said.    [FULL  STORY]