Proceeds totaling NT$1.02 billion (US$36.7 million) from recovered ill-gotten Chinese Nationalist Party (KMT) assets and an administrative settlement are to be placed in a fund in the first quarter of next year, the Ill-gotten Party Assets Settlement Committee said.
The committee on Saturday said that it had so far recovered NT$75.89 million in unfairly or illegally acquired assets, as well as NT$950 million from a settlement with Central Motion Pictures Corp (CMPC, 中影公司).
The film studio on Aug. 24 agreed to hand over 330 films and NT$950 million, representing the amount CMPC was undervalued when it was in 2006 sold by Central Investment Co, a KMT affiliate.
Photo: Lee Hsin-fang, Taipei Times
The committee had initially frozen NT$11.8 billion of CMPC’s assets, which the studio appealed. The parties later reached a settlement agreeing to return the undervalued amount from the 2006 sale and transfer ownership of the films to the government in exchange for the committee repealing the company’s designation as a KMT affiliate, and unfreezing its remaining assets. The Taipei High Administrative Court recognized the settlement on Sept. 17.
The Transitional Justice Commission outlined possible uses for the fund: providing therapy for victims of political violence; establishing service centers to care for the survivors of political persecution; a reward system for those who preserve historical sites related to the White Terror period; and a database for records related to political persecution, it said.
After the commission concludes in May, other government agencies that handle transitional justice work could apply to use the fund, it said.
Commission member Frank Wang (王增勇) said that the commission had been unable to establish a fund with the recovered assets, as previously it had only recovered about NT$10 million.
The commission was concerned that if a fund is not established before it concludes, it might not be possible to do so later, Wang said.
The commission must wait until cases related to the recovered assets complete judicial procedures before the money can be used, committee spokesman Sun Pin (孫斌) said.
Taiwan is stepping up plans to create self-sufficient supply chains for combat drones and increase foreign orders from the US to counter China’s numerical superiority, a defense official said on Saturday. Commenting on condition of anonymity, the official said the nation’s armed forces are in agreement with US Admiral Samuel Paparo’s assessment that Taiwan’s military must be prepared to turn the nation’s waters into a “hellscape” for the Chinese People’s Liberation Army (PLA). Paparo, the commander of the US Indo-Pacific Command, reiterated the concept during a Congressional hearing in Washington on Wednesday. He first coined the term in a security conference last
A magnitude 4.3 earthquake struck eastern Taiwan's Hualien County at 8:31am today, according to the Central Weather Administration (CWA). The epicenter of the temblor was located in Hualien County, about 70.3 kilometers south southwest of Hualien County Hall, at a depth of 23.2km, according to the administration. There were no immediate reports of damage resulting from the quake. The earthquake's intensity, which gauges the actual effect of a temblor, was highest in Taitung County, where it measured 3 on Taiwan's 7-tier intensity scale. The quake also measured an intensity of 2 in Hualien and Nantou counties, the CWA said.
The Overseas Community Affairs Council (OCAC) yesterday announced a fundraising campaign to support survivors of the magnitude 7.7 earthquake that struck Myanmar on March 28, with two prayer events scheduled in Taipei and Taichung later this week. “While initial rescue operations have concluded [in Myanmar], many survivors are now facing increasingly difficult living conditions,” OCAC Minister Hsu Chia-ching (徐佳青) told a news conference in Taipei. The fundraising campaign, which runs through May 31, is focused on supporting the reconstruction of damaged overseas compatriot schools, assisting students from Myanmar in Taiwan, and providing essential items, such as drinking water, food and medical supplies,
New Party Deputy Secretary-General You Chih-pin (游智彬) this morning went to the National Immigration Agency (NIA) to “turn himself in” after being notified that he had failed to provide proof of having renounced his Chinese household registration. He was one of more than 10,000 naturalized Taiwanese citizens from China who were informed by the NIA that their Taiwanese citizenship might be revoked if they fail to provide the proof in three months, people familiar with the matter said. You said he has proof that he had renounced his Chinese household registration and demanded the NIA provide proof that he still had Chinese
RSS