The New Party yesterday suspended party chairman Yok Mu-ming (郁慕明) for two weeks and began an investigation after a Next Magazine story alleged he had pocketed party funds.
At a press conference yesterday Yok denied misusing party funds and said he had offered his resignation yesterday morning during a meeting with party officials.
The party, which is an ally of the Chinese Nationalist Party (KMT), did not accept Yok’s resignation, but suspended his membership.
The party said in a written statement yesterday that it would launch an investigation into Yok’s conduct and that party Secretary-General Chen Yi-yang (陳義揚) would serve as acting chairman until the investigation was concluded.
Yok, however, insisted that he would resign as party chairman while the investigation was being carried out.
The story alleged that Yok had used NT$20 million (US$620,000) worth of party funds to purchase a house in Shanghai.
Some party members had questioned the source of Yok’s money and asked the party to look into his financial situation, the magazine reported.
Yok yesterday said he had not used any party funds to purchase the house and that party finances have been transparent.
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