FOUR-MONTH REPRIEVE: The league must declare its assets by June or face a repeatable fine, while an investigation into four affiliated organizations is to be launched this month
Date: Feb 02, 2018
By: Chen Wei-han / Staff reporter
The government yesterday named the National Women’s League a Chinese Nationalist
Party (KMT)-affiliated organization following its failure to agree to a deal with the Ill-gotten Party Assets Settlement Committee, and froze its assets, which are worth more than NT$38.5 billion (US$1.32 billion), with further action to be taken to determine and confiscate the assets.
In a landmark ruling, the committee determined the league is affiliated with the KMT because the party controls the league’s personnel management, finances and operations, and the league was severed from the party without having to give up the assets it amassed illicitly.
The league was financed with military taxes and surcharges that the KMT helped funnel to the organization, and it continues to hold on to assets that should be returned to the state, the committee said. [FULL STORY]