KMT assets have been an issue for decades: Committee spokesperson
Taiwan News
Date: 2018/11/01
By: Matthew Strong, Taiwan News, Staff Writer
TAIPEI (Taiwan News) – The Ill-Gotten Party Assets Settlement Committee on Thursday
Former President Ma Ying-jeou. (By Associated Press)
accused former President Ma Ying-jeou (馬英九) of misleading the public over the sale of Kuomintang (KMT) media companies.
Ma appeared in court Wednesday to face allegations of breach of trust in the 2005 sale of China Television (CTV), radio company Broadcasting Corporation of China (BCC) and its movie group Central Motion Pictures Corporation (CMPC) at a reported loss of NT$7.3 billion (US$236 million) when he chaired the KMT.
The former president said Wednesday he had sold off the companies to speed up the case of party assets so they could no longer form a target of criticism during elections.
However, the Ill-Gotten Party Assets Settlement Committee accused Ma of misrepresenting the issue, as the KMT’s assets problem had been already around for decades. [FULL STORY]
