The Democratic Progressive Party (DPP) alleged yesterday that the Chinese Nationalist Party's (KMT) sale of three media outlets had caused losses of NT$28.4 billion (US$887 million).
DPP Legislator Hsieh Hsin-ni (
"We would like to know whether the sale of the three media outlets was a fake," she said. "We would also like to know how many of the outlets Jungli Investment Co bought from the KMT and whether the purchase was designed to help the KMT skirt the Broadcasting and Television Law (廣電法)."
Hsieh said the public was confused by Broadcasting Corp of China (BCC) chairman Jaw Shaw-kong's (趙少康) announcement last Wednesday that he would terminate his contract with Hua Hsia Investment Holding Co, a KMT company, over the purchase of BCC.
DPP Legislator Hsu Kuo-yung (
The KMT sold BCC to Jungli Investment Co in 2005 for what was reported to be NT$9.3 billion (US$281.6 million). China Television Co and the Central Motion Picture Corp were included in the deal.
The Central Investment Holding Company said yesterday it would file a slander suit against Cabinet Spokesman Shieh Jhy-wey (
"Whether they sue me or not is unimportant, but the lawsuit shows that they're trying to conceal their guilty conscience," Shieh said in reply.
Additional reporting by CNA
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