[an error occurred while processing this directive]
BBC News
watch One-Minute World News
Languages
Last Updated: Wednesday, 25 April 2007, 17:05 GMT 18:05 UK
Taiwan PM's website targets KMT
By Caroline Gluck
BBC News, Taipei

Taiwan Premier Su Tseng-chang
Su Tseng-chang says the KMT amassed its assets when in power
Taiwan's prime minister has unveiled a website giving information about what the government says are assets stolen by the opposition Kuomintang (KMT).

The government claims the KMT amassed these assets when it governed Taiwan for more than five decades.

The KMT, it says, has land and property assets worth at least $1.4bn (0.69bn) that should be returned to the nation.

Su Tseng-chang said the website would help public understanding of government efforts to recover the assets.

The website details land, property and investment companies and also lists subsidies that the KMT - now the main opposition party - allegedly gave to its business operations and organisations.

Pledges

When the KMT came to power in 1945, it took over land and businesses formerly run by the Japanese colonial authorities.

At the time, there was no clear separation between the branches of party, state, and armed forces and the assets were built up into a sprawling business empire.

The prime minister described the KMT as the world's wealthiest party, saying it had assets of more than $1bn registered under its name - though the actual value was likely to far exceed this.

The governing Democratic Progressive Party has unsuccessfully tried to legislate for the return of the assets and is now attempting to initiate a national referendum on the issue.

For its part, the KMT has accused the prime minister of playing politics.

He is one of four candidates seeking a nomination as his party's candidate for presidential elections in 2008.

The KMT has also denied accusations that its assets were ill-gotten and has promised to fulfil pledges to stop running any businesses by the end of June this year.


SEE ALSO
Taiwan opposition leader resigns
13 Feb 07 |  Asia-Pacific
Taipei mayor admits expense error
15 Nov 06 |  Asia-Pacific
Taiwan mayor quizzed over fund
14 Nov 06 |  Asia-Pacific
Taiwanese party expels minister
10 Mar 07 |  Asia-Pacific



FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

PRODUCTS & SERVICES

Americas Africa Europe Middle East South Asia Asia Pacific