Government investments lose money, PFP charges

"Aside from those five money-losing banks, the ministry's remaining investments were actually profitable, with NT$68.4 billion in earnings," Wei told a press conference yesterday afternoon.

The steering committee for the NT$500 billion-worth Development Fund (開發基金) also rejected the opposition lawmakers' accusations, saying in a statement that the fund had replenished government coffers to the tune of NT$21.7 billion last year.