Taiwan Tati Cultural and Educational Foundation

FSC commission to probe Mega Ban

Taipei Times

Premier Lin Chuan (林全) yesterday instructed the Financial Supervisory Commission (FSC) to form an investigative committee from members of the central bank, and the ministries of justice and finance after the New York branch of Mega International Commercial Bank (兆豐銀行) was ordered to pay a massive fine for violating US money-laundering rules.

Lin said he hopes that the details of the case are clarified as soon as possible, and that any Mega International employees responsible for the situation are identified.

KMT outcast to join committee

Taipei Times

A former Chinese Nationalist Party (KMT) member, who was sacked in June for his outspokenness, has confirmed plans to join a committee investigating the party’s illegal assets, drawing fire from KMT members.

Committee of Illegal Party Asset Settlement chairman Wellington Koo (顧立雄) on Thursday said that he consulted with former KMT spokesman Yang Wei-chung (楊偉中) last week and invited him to join the committee.

Government not to pursue seat at UN

Taipei Times

The government will not pursue UN membership and will instead continue to push for the nation’s meaningful participation at UN-related agencies, Minister of Foreign Affairs David Lee (李大維) said yesterday.

“With regard to the UN issue, the government will undoubtedly continue our meaningful participation [at UN-related organizations], but will not promote Taiwanese membership in the global body,” Lee said.

China Youth Corps sold property in Taipei: sources

Taipei Times

People on Monday walk past a building on Taipei’s Zhongshan N Rd Sec 1 that the China Youth Corps sold to Sunrise Construction on Monday last week.
Photo: Lo Pei-der, Taipei Times

The China Youth Corps on Monday last week completed the sale of an alleged Chinese Nationalist Party (KMT) asset in Taipei, a property estimated to be worth NT$450 million (US$14.3 million), just days before the Act Governing the Handling of Illegal Assets 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) took effect, sources said.

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