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Ill-gotten asset panel to ‘settle’ accounts: Koo

Committee of Illegal Party Asset Settlement Chairman Wellington Koo (顧立雄) yesterday said the organization would return the ill-gotten assets obtained by the Chinese Nationalist Party (KMT) during its authoritarian rule to their rightful owners.

During a plaque unveiling ceremony in Taipei, Premier Lin Chuan (林全) presented Koo with a seal and an appointment order, officially launching the committee.

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Lawmaker pans FSC probe on Mega

The government should not have let the Financial Supervisory Commission (FSC) lead an administrative investigation into Mega International Commercial Bank’s violation of US rules against money laundering, New Power Party Executive Chairman Huang Kuo-chang (黃國昌) said.

People have been mostly concerned with the suspected money-laundering activities, which have been put under judicial investigation, Huang said in a radio interview yesterday.

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Newsflash

A Taiwanese public university yesterday confirmed at a forum on cross-strait affairs that it had changed its name in an effort to attract more Chinese students, while a Chinese academic dared Taiwan to join an “experiment in democracy” in China.

National Taiwan Normal University (NTNU) has made extensive efforts to attract Chinese students, who will be allowed to enroll starting in September, NTNU professor Tsai Chang-yen (蔡昌言) said at the Cross-Strait Competitiveness Forum organized by the National Competitiveness Forum think tank.

In the school’s promotional posters and application brochures in simplified Chinese, the word “national” is not included in the school name, a move to demonstrate “goodwill” to China, Tsai said as he showed the poster to the audience.