Ill-gotten Party Assets Settlement Committee

The Ill-gotten Party Assets Settlement Committee (CIPAS; Chinese: 不當黨產處理委員會; pinyin: Búdàng Dǎngchǎn Chǔlǐ Wěiyuánhuì) is an independent government agency of the Republic of China responsible for the investigation and returning of ill-gotten assets of political parties and their affiliated organizations during the martial law period in Taiwan.[1] All parties established before the lifting of martial law, 15 July 1987, are required to report their party assets to the committee. As the dominant party during the martial law period, the Kuomintang (KMT) and its affiliate organizations are the main targets of this investigation. The council is headquartered in Zhongshan District, Taipei.

Ill-gotten Party Assets Settlement Committee
不當黨產處理委員會
Búdàng Dǎngchǎn Chǔlǐ Wěiyuánhuì
CIPAS Logo.png
Agency overview
Formed31 August 2016
Jurisdiction Republic of China
HeadquartersZhongshan, Taipei
Agency executives
Websitewww.cipas.gov.tw

HistoryEdit

The Act Governing the Handling of Ill-gotten Properties by Political Parties and Their Affiliate Organizations was passed in July and Wellington Koo, one of the main authors of the Act, was named as the committee chairman in August.[2][3] He stepped down from the Legislative Yuan to take the appointment.[4] Koo assumed the committee chairmanship despite the Kuomintang citing Article 20 of the Act, which requires nonpartisan committee members, in its objections to Koo's leadership.[5][6] Koo named most of the committee members on 24 August, and the group was officially established on 31 August.[7][8] With the establishment of the committee, the KMT has insisted that it has been illegally and unconstitutionally persecuted and that the investigation is a political witch hunt.[9][10] However, the ruling Democratic Progressive Party (DPP) maintained that the means are necessary for achieving transitional justice and leveling the playing field for all political parties.[10] In September 2017 Koo left the chairman post and was succeeded by Lin Feng-cheng.

Determinations and resulting actionsEdit

The committee has made several determinations.

  • On August 7, 2018, the China Youth Corps (CYC) was determined to be an affiliated youth organization of the KMT. Its assets, valued at $5.6 billion NTD, were subsequently frozen, and the organization was required to declare its properties to the committee within four months. The CYC responded to the ruling arguing that it ceased to be a governmental organization in 1969.[11]
  • On October 9, 2018, the Central Motion Picture Corp. (CMPC) was determined to be an affiliate of the KMT, as the organization's official documents bore the words "party-run enterprise." The committee also argued that the Central Investment Holding Co., a KMT-owned enterprise, sold 82.5% of the CMPC's shares to KMT member Alex Tsai at below market value. The corporation's assets, valued at $11.8 billion NTD, were frozen.[12]
  • On March 19. 2019, the National Women's League (NWL) was determined to be an affiliate of the KMT. The organization was founded by Soong Mei-ling in 1950 to care for military families. The organization is set to forfeit most of its assets, valued at $38 billion NTD. The committee found that the KMT had helped the NWL obtain funding through a surcharge on imports over a period of 30 years, amounting to a total of $24 billion NTD[13]. The NWL is challenging the determination in court.[14]
  • On September 24, 2019, the Committee determined that the Broadcasting Corporation of China (BCC) was an affiliate of the KMT, ordering it to relinquish its 13 parcels of real estate to the state and pay $7.7 billion NTD in compensation for assets transferred to third parties or bought back by the government. The BCC had been sold to holding companies owned by chairman Jaw Shaw-kong in 2006 though via KMT-owned Hua Hsia Investment Holding Co.[15][16]

ChairpersonsEdit

  Democratic Progressive Party   New Power Party

Name Term of Office Days Political Party Premier
1 Wellington Koo (顧立雄) 31 August 2016 8 September 2017 373 Democratic Progressive Party Lin Chuan
2 Lin Feng-cheng (林峯正) 8 September 2017 Incumbent 863 New Power Party William Lai
Su Tseng-chang II

ReferencesEdit

  1. ^ "不當黨產處理委員會 執掌與組織". Retrieved 2017-09-09.
  2. ^ "Koo named head of ill-gotten assets committee". China Post. 10 August 2016. Retrieved 12 August 2016.
  3. ^ Chung, Jake (26 July 2016). "Legislature approves law on ill-gotten party assets". Taipei Times. Retrieved 10 August 2016.
  4. ^ Tzou, Jiing-wen; Chin, Jonathan (10 August 2016). "Koo to head new assets commission". Taipei Times. Retrieved 10 August 2016.
  5. ^ Yang, Chun-hui; Chung, Li-hua; Chung, Jake (12 August 2016). "Committee may question Ma, Lee: Koo". Taipei Times. Retrieved 12 August 2016.
  6. ^ Hsu, Stacy (11 August 2016). "Koo's appointment ill-judged: KMT". Taipei Times. Retrieved 11 August 2016.
  7. ^ Yang, Chun-hui; Chin, Jonathan (24 August 2016). "Members named for assets committee". Taipei Times. Retrieved 31 August 2016.
  8. ^ Tai, Ya-chen; Hsieh, Chia-chen; Hsu, Elizabeth (31 August 2016). "Commission to investigate KMT assets launched". Central News Agency. Retrieved 31 August 2016.
  9. ^ Yang, Chun-hui; Lin, Liang-sheng; Chung, Jake (30 October 2016). "Party assets committee to probe China Youth Corps". Taipei Times. Retrieved 9 September 2017.
  10. ^ a b "Kuomintang remains Taiwan's richest party with reported assets of S$815 million". Straits Times. 17 July 2017. Retrieved 9 September 2017.
  11. ^ Lee, Shu-hua; Hsu, Elizabeth (August 7, 2018). "China Youth Corps determined to be KMT-affiliated, all assets frozen". Central News Agency. Retrieved October 10, 2019.
  12. ^ Yu, Matt; Kao, Evelyn (October 9, 2018). "Motion picture company CMPC designated as KMT affiliate". Central News Agency. Retrieved October 10, 2019.
  13. ^ Ku, Chuan; Wu, Lilian (April 18, 2017). "Women's League collected over NT$24 billion: committee". Retrieved October 10, 2019.
  14. ^ Yu, Matt; Hsu, Elizabeth (March 19, 2019). "National Women's League assets belong to state: ruling". Central News Agency. Retrieved October 10, 2019.
  15. ^ Yang, Chun-hui; Chung, Jake (September 25, 2019). "BCC named affiliate, told to relinquish assets". Taipei Times. Retrieved October 10, 2019.
  16. ^ Wu, Po-wei; Yeh, Su-ping; Huang, Frances (September 24, 2019). "Broadcasting company ruled to be KMT affiliate; set to lose assets". Central News Agency. Retrieved October 10, 2019.

External linksEdit