Third KMT payment proposal rejected

‘DICTATOR’S HATCHET MAN’:The party’s holding companies were founded with ill-gotten assets and therefore cannot be used to pay the fine, a spokeswoman said

Taipei Times
Date: Sep 08, 2017
By: Chen Wei-han / Staff reporter

The Ill-gotten Party Assets Settlement Committee yesterday rejected the Chinese

Chinese Nationalist Party (KMT) Administration Committee deputy director Lee Fu-hsuan speaks at a news conference in Taipei yesterday. Photo: CNA

Nationalist Party’s (KMT) third proposal to pay a fine of NT$864.88 million (US$28.77 million) — this time with dividends and creditor claims.

The committee on June 15 ordered the KMT to pay for 458 properties it took from the then-Taiwan Governor-General’s Office after the Japanese colonial era, all of which have been sold.

After the Administrative Enforcement Agency last month rejected the KMT’s offer to pay with US dollar-denominated bonds issued in 1947 or shares issued by two KMT-owned holding companies, the party yesterday offered to pay in dividends and creditor claims.

Party officials at a news conference yesterday criticized the agency and proposed another payment method following the agency’s announcement that it plans to confiscate a KMT office building in Taipei’s Songshan District (松山), 11 party dormitories in Taipei and KMT properties in Kinmen County.

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