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Taiwan Tati Cultural and Educational Foundation

Committee freezes KMT bank account


Ill-gotten Party Assets Settlement Committee Chairman Wellington Koo, right, speaks at a news conference in Taipei yesterday.
Photo: Chien Jung-fong, Taipei Times

The Ill-gotten Party Assets Settlement Committee yesterday said it froze a bank account of the Chinese Nationalist Party (KMT) over the issuance of 10 checks worth a collective NT$520 million (US$16.54 million) immediately after a law was promulgated prohibiting political parties from disposing of assets presumed to have been obtained illegally.

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Taiwanese ‘orphans’ betrayed by China

The novel Orphan of Asia (亞細亞的孤兒) by Taiwanese novelist Wu Chuo-liu (吳濁流) is a classic portrayal of what happened to Taiwanese who longed for the Chinese “motherland” following World War II, and it continues to mirror Taiwan’s predicament decades later.

Once a Japanese colony, Taiwan was later colonized by the so-called “motherland” (China) and was caught up in the conflict between the rival Chinese political parties: the Chinese Nationalist Party (KMT) and the Chinese Communist Party. In more recent years, Taiwan has undergone a process of democratization that offers opportunities for national resurrection and social transformation, but it is still shrouded in a dark cloud of unaccounted history.

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Group marches in New York for UN bid


Hundreds of US-based Taiwanese and supporters march in New York City on Saturday, calling for Taiwan UN membership ahead of the 71st session of the UN General Assembly.
Photo: CNA

Hundreds of Taiwanese living in the US on Saturday joined a Taiwanese delegation in a march in New York City, calling for Taiwan to be granted UN membership ahead of the 71st session of the UN General Assembly that begins tomorrow.

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China-US confrontation inevitable

Nobody really knows how the South China Sea sovereignty issue will be sorted out. It featured in one way or the other at the recent ASEAN meeting and the follow-up East Asia summit in Laos.

So far, China is resolute about its sovereignty claims regarding islands/islets/rocks scattered about the waters. Indeed, it has dredged out new ones and has justified building airfields and other military structures as security measures to defend its sovereignty.

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Page 709 of 1529

Newsflash

Former president Lee Teng-hui (李登輝) was indicted yesterday on charges of embezzling state funds, becoming the second democratically elected Taiwanese president to be indicted on corruption charges.

The Supreme Prosecutors’ Office Special Investigation Panel (SIP) has accused Lee and a top aide of illegally siphoning US$7.8 million from secret diplomatic funds used by the National Security Bureau (NSB) and laundering the money during his terms in office from 1988 to 2000.

If convicted, the 88-year-old Lee could face at least 10 years in prison, although prosecutors have indicated that they may ask for more lenient sentencing due to his age.