Court rules three KMT properties 'ill-gotten assets'
The Taipei High Administrative Court yesterday ruled against the Chinese Nationalist Party (KMT) in two lawsuits initiated by the Cabinet’s Ill-gotten Party Assets Settlement Committee over three entities in Taipei with a combined worth of NT$16.38 billion (US$589.19 million at the current exchange rate). The court’s decision deemed that two investment firms — Central Investment Co (中央投資公司) and Hsinyutai Co (欣裕台), worth a combined NT$15.6 billion — and one residential building — Daxiao Building (大孝大樓), worth NT$782 million — had been obtained by the KMT th...
Source: taipeitimes.com