Officials from the Tuntex Corporation (
In a statement released yesterday, Tuntex said due to its long-term business relationship with the KMT, the company had been willing to contribute money to the party.
The company then went on to appeal to all presidential candidates to tell the truth and return quickly to a campaign based on policy debate.
The statement follows claims made two days ago by a high-ranking government official that a business tycoon -- who he identified as being surnamed Chen -- had given a NT$100 million check to the KMT on June 10, 1991 to fund campaigning.
At that time, Soong served as the KMT's secretary-general. However, Chen refused to say whether he had given the money to Soong directly.
But the official, who was closely involved with the KMT's internal affairs, said the money had not been deposited in the KMT's public accounts, but instead was stashed in the account of Soong Chen-yuan at the Chung Hsing Bills Finance Corp (
When the first allegations in the mushrooming scandal were made public by KMT legislator at-large Yang Chi-hsiung (
Once the financial dealings were made public, members of Soong's campaign reportedly made private visits to Chen to ask him to be the "elder" that Soong had mentioned. But, the official said, when Chen realized that the donation had been transferred to Soong's son's account, the Tuntex president was too angry to play the role.
In addition to Chen, the official said, Soong also called on the son-in-law of the Shin Kong Corporation's (新光集團) Kuo Jui-sung (郭瑞嵩) -- who now serves as professor at Soochow University -- to ask for help, but that bid also failed.
Soong and Kuo had once been classmates, according to media reports.
Chief secretary to President Lee Teng-hui (
"Soong's secretary Yang Yun-tai (
Standing firm on his position, Su yesterday held a news conference urging Soong to apologize to both President Lee and the Taiwanese people.
Su said the media had exposed the fact that Chen might be the "elder" that Soong was looking for. This was proof Soong had concocted the entire story in a bid to cover his tracks, Su said.
"Having watched the development of events and heard Soong's statements regarding Chung Hsing Bills Finance, it proves that in order to get away from the money scandal, Soong cooked up the story by saying he acted under Lee's direction,'' Su said.
Soong, meanwhile, refused further comments yesterday. However, he has asked former National Chungshing University president Huang Tong-shong (
Huang said that if the KMT still refuses to accept the money, Soong would probably hand the money over to the courts instead. According to current regulations, Huang said, the money would automatically be delivered to the national treasury within 10 years.
KMT officials dismissed Soong's gesture yesterday as a mere "political show.''
"The action [referring to Soong's move to end the trust deal with the KMT] is meaningless. Since Lee never demanded Soong conduct any private work, there is need to end such an appointment,'' said KMT spokesman Huang Huei-chen (
US President Donald Trump yesterday announced sweeping "reciprocal tariffs" on US trading partners, including a 32 percent tax on goods from Taiwan that is set to take effect on Wednesday. At a Rose Garden event, Trump declared a 10 percent baseline tax on imports from all countries, with the White House saying it would take effect on Saturday. Countries with larger trade surpluses with the US would face higher duties beginning on Wednesday, including Taiwan (32 percent), China (34 percent), Japan (24 percent), South Korea (25 percent), Vietnam (46 percent) and Thailand (36 percent). Canada and Mexico, the two largest US trading
China's military today said it began joint army, navy and rocket force exercises around Taiwan to "serve as a stern warning and powerful deterrent against Taiwanese independence," calling President William Lai (賴清德) a "parasite." The exercises come after Lai called Beijing a "foreign hostile force" last month. More than 10 Chinese military ships approached close to Taiwan's 24 nautical mile (44.4km) contiguous zone this morning and Taiwan sent its own warships to respond, two senior Taiwanese officials said. Taiwan has not yet detected any live fire by the Chinese military so far, one of the officials said. The drills took place after US Secretary
CHIP EXCEPTION: An official said that an exception for Taiwanese semiconductors would have a limited effect, as most are packaged in third nations before being sold The Executive Yuan yesterday decried US President Donald Trump’s 32 percent tariff on Taiwanese goods announced hours earlier as “unfair,” saying it would lodge a representation with Washington. The Cabinet in a statement described the pledged US tariffs, expected to take effect on Wednesday next week, as “deeply unreasonable” and “highly regrettable.” Cabinet spokeswoman Michelle Lee (李慧芝) said that the government would “lodge a solemn representation” with the US Trade Representative and continue negotiating with Washington to “ensure the interests of our nation and industries.” Trump at a news conference in Washington on Wednesday announced a 10 percent baseline tariff on most goods
THUGGISH BEHAVIOR: Encouraging people to report independence supporters is another intimidation tactic that threatens cross-strait peace, the state department said China setting up an online system for reporting “Taiwanese independence” advocates is an “irresponsible and reprehensible” act, a US government spokesperson said on Friday. “China’s call for private individuals to report on alleged ‘persecution or suppression’ by supposed ‘Taiwan independence henchmen and accomplices’ is irresponsible and reprehensible,” an unnamed US Department of State spokesperson told the Central News Agency in an e-mail. The move is part of Beijing’s “intimidation campaign” against Taiwan and its supporters, and is “threatening free speech around the world, destabilizing the Indo-Pacific region, and deliberately eroding the cross-strait status quo,” the spokesperson said. The Chinese Communist Party’s “threats