Foreign minister’s assets declaration raises eyebrows

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

Sat, Mar 23, 2013 - Page 3

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.