Executive Yuan launches committee to settle ill-gotten party assets

  • Date: 2016-08-31
  • Source: Department of Information Services, Executive Yuan
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Dealing  with  illegitimately  obtained  party  assets  is  important  for  redressing  past  injustices  and  transitioning  to  a  more  democratic  future,  Premier  Lin  Chuan  said  today  at  the  inauguration  of  the  Executive  Yuan’s  Ill-gotten  Party  Assets  Settlement  Committee.

The  committee’s  objective  is  to  uncover  assets  illegally  or  unfairly  obtained  by  the  Chinese  Nationalist  Party  (Kuomintang)  during  its  authoritarian  rule  and  to  make  such  assets  available  for  public  scrutiny.  Private  properties  should  be  restored  to  their  rightful  owners  while  state-held  assets  should  be  returned  to  the  national  treasury  and  to  all  the  people,  Lin  said.

The  issue  of  ill-gotten  assets  surfaced  well  before  Taiwan’s  first  transfer  of  governing  power  in  2000.  After  years  of  effort,  the  country  finally  took  its  first  step  today  to  realizing  the  goals  and  ideals  of  justice,  Lin  said.

Earlier  this  year,  Taiwan  passed  a  law  providing  the  legal  foundation  and  principles  for  dealing  with  ill-gotten  party  assets  and  promoting  transitional  justice,  Lin  said.  The  Act  Governing  the  Handling  of  Ill-gotten  Properties  by  Political  Parties  and  Their  Affiliate  Organizations  was  approved  by  the  Legislative  Yuan  July  25  and  promulgated  by  the  president  August  10.

Next  year  will  mark  the  30th  anniversary  of  the  end  of  martial  law  in  Taiwan.  With  the  country’s  democracy  still  growing,  it  is  important  to  remove  the  barriers  that  hinder  Taiwan  from  transitioning  to  a  truly  democratic  society,  the  premier  said.

Looking  ahead,  Lin  hopes  that  all  political  parties  will  be  given  a  level  playing  field.  Every  party  should  respect  the  democratic  process  and  earn  people’s  support  through  its  ideals.  This  is  the  only  path  to  deepening  Taiwan’s  democracy,  our  most  treasured  asset,  Lin  said.