NEGOTIATION:A freeze on the KMT’s accounts could be lifted if the party provides a plan showing how it would use the funds, Shih Chin-fang said

Taipei Times
Date: Oct 27, 2016
By: Lin Liang-sheng and Jake Chung / Staff reporter, with staff writer

The Chinese Nationalist Party (KMT) on Tuesday published its accounts and accused the Ill-gotten Party Assets Settlement Committee of being “worse than pirates,” saying it disseminates false information in order to force the KMT to use funds allocated for administrative expenses to pay its employees’ salaries.

The committee said that the KMT still has NT$85 million (US$2.69 million) in a political donations account with Chunghwa Post that it could use to pay party workers.

However, KMT Central Policy Committee director Alex Tsai (蔡正元) said that up until Sunday, the account contained NT$64 million, with NT$31 million of that raised by local party headquarters and not available for central headquarters’ use.

The KMT’s local committees are in essence volunteer workers who raise funds for their own use, Tsai said, adding that the funds are showing up in the account due to the necessity of providing receipts.    [FULL  STORY]