Sat, Mar 23, 2013 - Page 3 News List

Foreign minister’s assets declaration raises eyebrows

By Lin Shu-hui and Jake Chung  /  Staff reporter, with staff writer

The Control Yuan’s latest assets declaration report showed that Minister of Foreign Affairs David Lin (林永樂) differs from other government officials in that all his stockholdings were in the US — not Taiwan.

The report, published yesterday, showed that Lin, who assumed the post in September last year and was making his first assets declaration, owned NT$8.4 million (US$281,320) in stocks, including NT$2.9 million in Yahoo shares, NT$800,000 in Facebook shares, NT$2.3 million in Pfizer, as well as shares of Citigroup, General Electric and AIG. Lin also had savings totaling NT$9.8 million.

Mainland Affairs Council Minister Wang Yu-chi (王郁琦), also a first timer, bought a house in Taipei’s Wenshan District (文山) valued at NT$20 million, and owned NT$7.8 million in stocks, the report showed.

Wang also held beneficiary certificates to many funds, as well as two whole life insurance policies, the report said.

Premier Jiang Yi-huah’s (江宜樺) declaration — made when he was the vice premier — showed that he received a piece of real estate in Taipei’s Zhongzheng District (中正), and had savings and insurance totaling NT$7.4 million.

Vice Premier and former minister of transportation and communications Mao Chi-kuo (毛治國) declared one real-estate property and NT$3.7 million in savings.

Mao’s wife, Chien Ying-ying (錢瑩瑩), listed a NT$1.5 million loan to her son to purchase a house as a sum under creditor’s right, and both Mao and Chien shouldered NT$18 million in debt for their son’s mortgage.

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