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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


Retired air force major general Chien Yao-tung, center, arrives at the Taipei District Prosecutors’ Office yesterday for questioning over alleged involvement in a Chinese espionage ring.
Photo: George Tsorng, Taipei Times

Two retired air force officers, including a former major general, were yesterday morning released on bail after overnight questioning by prosecutors about their alleged involvement in a Chinese espionage ring.