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GIO revokes permissions granted to KMT legislator

The dispute over the Chinese Nationalist Party's (KMT) sale of its stolen assets heated up yesterday when the Cabinet decided to revoke permission it had granted to KMT Legislator Alex Tsai (蔡正元), who is accused of siphoning off funds from a company formerly owned by the party.

Tsai, the president of the Central Motion Picture Corporation (CMPC), filed an application with the Government Information Office (GIO) last August to change the corporation's name and have himself listed as the person responsible for the company.

The permissions were granted on Oct. 3 last year.

"The GIO decided to revoke the permissions after it discovered that the board meeting proceedings Tsai gave to this office were forged. [The proceedings] differed from those that CMPC distributed to its shareholders," the GIO said in a statement.

CMPC, once owned by the KMT's Central Investment Holding Co (中投), was first sold to Jung-li Investment Co (榮麗投資公司) and then to Gou Tai-chiang (郭台強), the brother of Hon Hai Precision Industrial Co (鴻海科技) Chairman Terry Gou (郭台銘).

On Wednesday, former CMPC president Chuang Wan-chun (莊婉均), who claimed she had bought CMPC together with Gou Tai-chiang's wife, Lo Yu-jen (羅玉珍), accused Tsai of stealing her shares which were valued at NT$1.2 billion (US$ 36.4 million).

Tsai denied the accusation, saying that Chuang was in fact stealing money from the CMPC.

"The dispute needs to be clarified. The corporation should make its share transactions transparent," GIO Minister Cheng Wen-tsang (鄭文燦) told a press conference.

Later yesterday, Tsai said that he would file an administrative lawsuit against the GIO, adding that the GIO's actions against him were a form of "political repression" aimed at slandering the KMT.

Meanwhile, Democratic Progressive Party (DPP) Chairman Yu Shyi-kun and DPP Legislator Kao Jyh-peng (高志鵬) called on prosecutors to investigate the matter.

"The KMT signed secret agreements with the buyers of its stolen assets to ensure that it would make huge profits from the transactions," Kao said.
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