The Chinese Nationalist Party (KMT) yesterday threatened to stage a protest amid an escalating investigation into its assets, saying that the Democratic Progressive Party (DPP) is manipulating the Ill-gotten Party Assets Settlement Committee to bring down the KMT, with the DPP saying the “mudslinging” shows that the KMT has little ability to understand and reflect on its wrongdoings.
The majority of the committee’s members are affiliated with the DPP, making the committee a partisan tool against the KMT, KMT Culture and Communications Committee deputy director Hu Wen-chi (胡文琦) told a news conference.
Hu said committee chairman Wellington Koo (顧立雄) flip-flopped on legal interpretations of the Act Governing the Handling of Ill-
Photo: Chu Pei-hsiung, Taipei Times
gotten Properties by Political Parties and Their Affiliate Organizations (政黨及其附隨組織不當取得財產處理條例), making the committee a “secret police” that acts outside the law to pursue a political vendetta.
“In the face of the DPP’s ruthless political persecution, the KMT will not rule out the possibility of staging a protest at the DPP’s headquarters,” he said.
KMT Culture and Communications Committee deputy director Tang Te-ming (唐德明) criticized the staffing of the committee, saying Koo hired his personal assistants and Southern Taiwan University of Science and Technology finance professor Lo Cheng-chung (羅承宗), whose eligibility has been questioned because of his criminal record.
The committee on Monday announced that whistle-blowers who provide information on a political party’s ill-gotten assets would be entitled to 1 percent of the reported assets’ value, with a cap of NT$100 million (US$3.18 million), identical to the maximum incentive offered by Germany for information related to the illegal acquisition of property by political parties in East Germany during the Cold War.
“The KMT does not have a single asset worth more than NT$10 billion. The NT$100 million reward is simply an attempt to link the KMT to the Socialist Unity Party of Germany,” KMT Administration Committee deputy director Lee Fu-hsuan (李福軒) said.
Hu said the DPP was a beneficiary of the KMT’s assets, as late DPP chairman Huang Hsin-chieh (黃信介) sought financial aid from former KMT treasurer Liu Tai-ying (劉泰英) and former president Lee Teng-hui (李登輝) to move DPP headquarters from Taipei’s Zhongshan District (中山) to Zhongzheng District (中正).
“DPP headquarters might as well be qualified as a KMT-affiliated organization,” Hu said.
They called on the DPP and President Tsai Ing-wen (蔡英文) to publicize their financial statements amid the investigation of the KMT’s assets.
DPP spokesman David Huang (黃適卓) said the party’s headquarters have been leased from Chong Hong Construction Co (長虹建設) for more than 10 years without outside financial help.
The DPP’s income and expenses are detailed in its annual financial reports, which are public and audited by accounting firms and the Ministry of the Interior, Huang said.
“The KMT has unlawfully occupied public and private properties for 60 years and used that wealth to tip the scales of political competition. It does not know how to give up its ill-gotten assets, but instead slings mud at the DPP. That shows the party has little ability to right a wrong,” he said.
CLASH OF WORDS: While China’s foreign minister insisted the US play a constructive role with China, Rubio stressed Washington’s commitment to its allies in the region The Ministry of Foreign Affairs (MOFA) yesterday affirmed and welcomed US Secretary of State Marco Rubio statements expressing the US’ “serious concern over China’s coercive actions against Taiwan” and aggressive behavior in the South China Sea, in a telephone call with his Chinese counterpart. The ministry in a news release yesterday also said that the Chinese Ministry of Foreign Affairs had stated many fallacies about Taiwan in the call. “We solemnly emphasize again that our country and the People’s Republic of China are not subordinate to each other, and it has been an objective fact for a long time, as well as
‘CHARM OFFENSIVE’: Beijing has been sending senior Chinese officials to Okinawa as part of efforts to influence public opinion against the US, the ‘Telegraph’ reported Beijing is believed to be sowing divisions in Japan’s Okinawa Prefecture to better facilitate an invasion of Taiwan, British newspaper the Telegraph reported on Saturday. Less than 750km from Taiwan, Okinawa hosts nearly 30,000 US troops who would likely “play a pivotal role should Beijing order the invasion of Taiwan,” it wrote. To prevent US intervention in an invasion, China is carrying out a “silent invasion” of Okinawa by stoking the flames of discontent among locals toward the US presence in the prefecture, it said. Beijing is also allegedly funding separatists in the region, including Chosuke Yara, the head of the Ryukyu Independence
GOLDEN OPPORTUNITY: Taiwan must capitalize on the shock waves DeepSeek has sent through US markets to show it is a tech partner of Washington, a researcher said China’s reported breakthrough in artificial intelligence (AI) would prompt the US to seek a stronger alliance with Taiwan and Japan to secure its technological superiority, a Taiwanese researcher said yesterday. The launch of low-cost AI model DeepSeek (深度求索) on Monday sent US tech stocks tumbling, with chipmaker Nvidia Corp losing 16 percent of its value and the NASDAQ falling 612.46 points, or 3.07 percent, to close at 19,341.84 points. On the same day, the Philadelphia Stock Exchange Semiconductor Sector index dropped 488.7 points, or 9.15 percent, to close at 4,853.24 points. The launch of the Chinese chatbot proves that a competitor can
‘VERY SHALLOW’: The center of Saturday’s quake in Tainan’s Dongshan District hit at a depth of 7.7km, while yesterday’s in Nansai was at a depth of 8.1km, the CWA said Two magnitude 5.7 earthquakes that struck on Saturday night and yesterday morning were aftershocks triggered by a magnitude 6.4 quake on Tuesday last week, a seismologist said, adding that the epicenters of the aftershocks are moving westward. Saturday and yesterday’s earthquakes occurred as people were preparing for the Lunar New Year holiday this week. As of 10am yesterday, the Central Weather Administration (CWA) recorded 110 aftershocks from last week’s main earthquake, including six magnitude 5 to 6 quakes and 32 magnitude 4 to 5 tremors. Seventy-one of the earthquakes were smaller than magnitude 4. Thirty-one of the aftershocks were felt nationwide, while 79