Fund established to redistribute illicit KMT gains : compare

Fund established to redistribute illicit KMT gains

Proceeds totaling NT$1.02 billion (US$36.7 million) from recovered ill-gotten Chinese Nationalist Party (KMT) assets and an administrative settlement are to be placed in a fund in the first quarter of next year, the Ill-gotten Party Assets Settlement Committee said.
The committee on Saturday said that it had so far recovered NT$75.89 million in unfairly or illegally acquired assets, as well as NT$950 million from a settlement with Central Motion Pictures Corp (CMPC, 中影公司).
The film studio on Aug. 24 agreed to hand over 330 films and NT$950 million, representing the amount CMPC was undervalued when it was in 2006 sold by

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