By: Matthew Strong, Taiwan News, Staff Writer
TAIPEI (Taiwan News) – Following repeated allegations, Kuomintang vice-presidential
candidate Jennifer Wang admitted Tuesday that she had bought twelve military apartments and sold nine of them at a profit.
Her latest explanations follow weeks of accusations that she profited from real estate speculation involving the purchase and sale of apartments targeted at low-income military families. The allegations have damaged the image of the KMT ticket further, just five weeks from the January 16 elections.
At a special news conference she called Tuesday to respond to the stream of allegations, she said that before 2003, she had bought twelve military apartments and sold nine of them at a total profit of NT$13.8 million (US$420,000).
At present, she still owned three of the apartments, one in her husband’s name, one owned by a sister and one by their mother, she said. Wang added she would donate the full profit from the earlier sales to charity. [FULL STORY]