Wed, Jul 18, 2007 - Page 1 News List

`Crisis'-hit KMT still richest party

OPEN BOOK? DPP lawmakers have some questions about the numbers given for the KMT's finances that the Ministry of the Interior posted on its Web site yesterday

By Max Hirsch  /  STAFF REPORTER

Since the party lost power in 2000, it has downsized considerably. Hundreds of workers have been laid off and the party sold its Zhongshan S Road headquarters last year to cut expenses.

In August 2005, Ma Ying-jeou (馬英九) described the KMT's financial situation as being in a "crisis."

On Aug 23 last year, the party released a report on its assets that said it had NT$27.7 billion in assets, compared with NT$38.5 billion when former president Lee Teng-hui (李登輝) headed the party and NT$80.8 billion when Lien Chan (連戰) was chairman.

Additional reporting by Flora Wang, Shih Hsiu-chuan and staff writer

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