The Committee of Illegal Party Asset Settlement (CIPAS) will investigate assets owned by the Chinese Nationalist Party (KMT) and may call key party members, such as former KMT investment chief Liu Tai-ying (劉泰英), and possibly former presidents Ma Ying-jeou (馬英九) and Lee Teng-hui (李登輝), for questioning, committee Chairman Wellington Koo (顧立雄) said yesterday.
The committee was founded in accordance with the Act Governing the Handling of Illegal Properties by Political Parties and Their Affiliate Organizations (政黨及其附隨組織不當取得財產處理條例), which was promulgated by the Presidential Office on Wednesday.
Koo on Wednesday said that the three main goals of the committee are to investigate the KMT’s current assets, define which ones are illegal and relaunch investigations into controversial cases, such as the sale of China Television Co (中視), the Broadcasting Corp of China (中廣) and the Central Motion Pictures Corp (中央電影) allegedly far below their value.
Photo: Huang Yao-cheng, Taipei Times
In a radio interview yesterday, Koo confirmed that Agency Against Corruption Deputy Director-General Hung Pai-ken (洪培根) has been appointed committee vice chairman.
“I talked to Hung [on Wednesday], telling him that prosecutorial units’ help would be sought when probing illegal party assets that call for criminal investigation,” he said.
Koo blasted the KMT for its reported plan to pay its staff five months’ salary in advance, saying that pre-paying salaries is totally unheard of.
He said that once the act took effect, the KMT’s illegal assets should not be further used for illegitimate purposes.
“The employees could be paid with this month’s salary, but not pre-paid ones,” Koo said.
The committee will accept complaints from individuals whose assets might have been illegally obtained by the KMT, he said, adding that the party is obligated to return or compensate individuals or organizations once the committee has determined that the complaint is justified.
Koo said it would be a great challenge to determine the right price and compensation if the property in question had been sold to at third party.
The committee will work closely with prosecutorial authorities to gather evidence and will investigate certain individuals, such as Liu and past directors of the KMT’s Administration and Management Committee, Koo said.
Liu was widely known as the “KMT’s major treasurer,” who was in charge of the party’s investments in the 1990s.
Koo said that if necessary, Ma and Lee would also be interviewed to provide information about the assets.
According to the act, all party assets obtained after Aug. 15, 1945 — with the exception of party membership fees, political donations, political party subsidies from the government, election campaign fund donations and income from natural sources and legal transactions — are all presumed to be illegal.
The presumed illegal assets are frozen once the act is implemented, and any sort of liquidation of said assets by the KMT or its affiliate organizations could be fined by double or triple the amount of the sum of the liquidated asset, according to the act.
The committee led by Koo is to have 11 to 13 members. The determining of illegal party assets that should be returned to the state, local self-governed groups or original owners requires a simple majority of the two-thirds of the attending members.
The committee is also required to set up its own Web site to make public its progress on investigations and report to the Legislative Yuan every six months.
CHAOS: Iranians took to the streets playing celebratory music after reports of Khamenei’s death on Saturday, while mourners also gathered in Tehran yesterday Iranian Supreme Leader Ayatollah Ali Khamenei was killed in a major attack on Iran launched by Israel and the US, throwing the future of the Islamic republic into doubt and raising the risk of regional instability. Iranian state television and the state-run IRNA news agency announced the 86-year-old’s death early yesterday. US President Donald Trump said it gave Iranians their “greatest chance” to “take back” their country. The announcements came after a joint US and Israeli aerial bombardment that targeted Iranian military and governmental sites. Trump said the “heavy and pinpoint bombing” would continue through the week or as long
TRUST: The KMT said it respected the US’ timing and considerations, and hoped it would continue to honor its commitments to helping Taiwan bolster its defenses and deterrence US President Donald Trump is delaying a multibillion-dollar arms sale to Taiwan to ensure his visit to Beijing is successful, a New York Times report said. The weapons sales package has stalled in the US Department of State, the report said, citing US officials it did not identify. The White House has told agencies not to push forward ahead of Trump’s meeting with Chinese President Xi Jinping (習近平), it said. The two last month held a phone call to discuss trade and geopolitical flashpoints ahead of the summit. Xi raised the Taiwan issue and urged the US to handle arms sales to
State-run CPC Corp, Taiwan (CPC, 台灣中油) yesterday said that it had confirmed on Saturday night with its liquefied natural gas (LNG) and crude oil suppliers that shipments are proceeding as scheduled and that domestic supplies remain unaffected. The CPC yesterday announced the gasoline and diesel prices will rise by NT$0.2 and NT$0.4 per liter, respectively, starting Monday, citing Middle East tensions and blizzards in the eastern United States. CPC also iterated it has been reducing the proportion of crude oil imports from the Middle East and diversifying its supply sources in the past few years in response to geopolitical risks, expanding
Pro-democracy media tycoon Jimmy Lai’s (黎智英) fraud conviction and prison sentence were yesterday overturned by a Hong Kong court, in a surprise legal decision that comes soon after Lai was jailed for 20 years on a separate national security charge. Judges Jeremy Poon (潘兆初), Anthea Pang (彭寶琴) and Derek Pang (彭偉昌) said in the judgement that they allowed the appeal from Lai, and another defendant in the case, to proceed, as a lower court judge had “erred.” “The Court of Appeal gave them leave to appeal against their conviction, allowed their appeals, quashed the convictions and set aside the sentences,” the judges