League made over NT$30bn in interest

FAMILY BUSINESS: Chiang Kai-shek’s wife Soong Mayling used the KMT’s one-party rule to accrue immense wealth for the Women’s League, the assets committee said

Taipei Times
Date: Sep 24, 2018
By: Chen Yu-fu  /  Staff reporter

The National Women’s League’s assets have earned it more than NT$30 billion

(US$976.7 million) in interest income since the 1990s, the Cabinet’s Ill-gotten Party

The National Women’s League building is pictured in and undated photograph in Taipei.
Photo: Chen Yu-fu, Taipei Times

Assets Settlement Committee said in a report published late on Wednesday.

The report is part of the committee’s investigation to determine whether the league’s assets were obtained through illegitimate means and whether they should be nationalized.

A public hearing is scheduled to be held on Oct. 4 to discuss the matter.

It followed the committee’s designation in February of the league, founded in 1950 and run for decades by Chiang Kai-shek’s (蔣介石) wife Soong Mayling (宋美齡) as an affiliate with the Chinese Nationalist Party (KMT).

Soong capitalized on the KMT’s one-party rule and helped the league accumulate assets comparable to the wealth of a nation by collecting donations from importers’ and exporters’ associations, and other organizations, the report said, citing evidence the committee has collected.    [FULL  STORY]

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