JUDICIAL MANEUVERS:The Ill-gotten Party Assets Settlement Committee said that it would appeal a court ruling lifting its first freeze. The KMT said it would also file appeals
Taipei Times
Date: Nov 08, 2016
By: Chen Wei-han / Staff reporter
The Ill-gotten Party Assets Settlement Committee yesterday issued a new freeze order on a Chinese
Ill-gotten Party Assets Settlement Committee Chairman Wellington Koo, right, talks to reporters at a news conference in Taipei yesterday as committee spokeswoman Shih Chin-fang looks on. Photo: Peter Lo, Taipei Times
Nationalist Party (KMT) bank account after the Taipei High Administrative Court on Friday lifted a previous freeze on the account.
The committee in September ordered Bank SinoPac (永豐銀行) to freeze a KMT account and prohibited any cash withdrawals from the account unless a withdrawal request was made to fulfill “legal obligations” or serve “justifiable purposes” such as paying employees’ salaries.
The first freeze was issued to prohibit the party from disposing of assets presumed to have been obtained illegally.
However, the court ruled against that order, saying that the committee wrongly ordered SinoPac, a private organization without public authority, to enforce a vague administrative order, as the bank had no means to identify or verify the purpose of a withdrawal request.
The committee yesterday said that it will appeal the ruling and it issued another order freezing the SinoPac account, which specified that the committee has the authority to verify the purpose of a withdrawal request. [FULL STORY]
