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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: Bùdāng Dǎngchǎn Chǔlǐ Wěiyuánhuì) is an independent government agency of Taiwan established in 2016 by the Act on Promoting Transitional Justice. It is responsible for the investigation and recovery of ill-gotten assets of political parties and their affiliated organizations obtained during the martial law period in Taiwan. 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 committee is headquartered in Zhongshan District, Taipei.
According to Article 7 of the Act on Promoting Transitional Justice, assets seized by the committee would be managed by the Promoting Transitional Justice Fund, and could be used to promote transitional justice, and to fund elder care and social welfare programs.
The Act Governing the Handling of Ill-gotten Properties by Political Parties and Their Affiliate Organizations was passed in July 2016 and Wellington Koo, one of the main authors of the Act, was named as the committee chairman in August. He stepped down from the Legislative Yuan to take the appointment. 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. Koo named most of the committee members on 24 August, and the group was officially established on 31 August. 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. 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. In September 2017 Koo left the chairman post and was succeeded by Lin Feng-cheng.
In 2016, the KMT challenged the constitutionality of the law establishing the committee and its authority, arguing that the law prevented citizens from organizing political parties. On 28 August 2020, the Constitutional Court ruled that the committee was constitutional.
The committee has made several determinations.
On October 9, 2018, the Central Motion Picture Corporation (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.
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. However, on August 27, 2024, the Taipei High Administrative Court ruled that the Broadcasting Corporation of China (BCC) had long been out of the possession and control of the KMT, and ruled to revoke the committee's punishment of $7.7 billion NTD. Jaw Shaw-kong, former chairman of BCC, said that he thanked the judge for “restoring the truth” and “clearing away the stigma of the BCC being a KMT affiliated organization”.
On November 25, 2021, the Taipei High Administrative Court ruled against the KMT in a lawsuit brought by the committee regarding its ownership of two investment firms and proceeds from the sale of a residential building together valued at about 16 billion NTD. On January 28, 2024, the government won a court ruling allowing it to take over the stocks of two companies, the Central Investment Company and Hsinyutai Company, which were declared to be ill-gotten assets by the committee in 2016.
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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: Bùdāng Dǎngchǎn Chǔlǐ Wěiyuánhuì) is an independent government agency of Taiwan established in 2016 by the Act on Promoting Transitional Justice. It is responsible for the investigation and recovery of ill-gotten assets of political parties and their affiliated organizations obtained during the martial law period in Taiwan. 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 committee is headquartered in Zhongshan District, Taipei.
According to Article 7 of the Act on Promoting Transitional Justice, assets seized by the committee would be managed by the Promoting Transitional Justice Fund, and could be used to promote transitional justice, and to fund elder care and social welfare programs.
The Act Governing the Handling of Ill-gotten Properties by Political Parties and Their Affiliate Organizations was passed in July 2016 and Wellington Koo, one of the main authors of the Act, was named as the committee chairman in August. He stepped down from the Legislative Yuan to take the appointment. 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. Koo named most of the committee members on 24 August, and the group was officially established on 31 August. 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. 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. In September 2017 Koo left the chairman post and was succeeded by Lin Feng-cheng.
In 2016, the KMT challenged the constitutionality of the law establishing the committee and its authority, arguing that the law prevented citizens from organizing political parties. On 28 August 2020, the Constitutional Court ruled that the committee was constitutional.
The committee has made several determinations.
On October 9, 2018, the Central Motion Picture Corporation (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.
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. However, on August 27, 2024, the Taipei High Administrative Court ruled that the Broadcasting Corporation of China (BCC) had long been out of the possession and control of the KMT, and ruled to revoke the committee's punishment of $7.7 billion NTD. Jaw Shaw-kong, former chairman of BCC, said that he thanked the judge for “restoring the truth” and “clearing away the stigma of the BCC being a KMT affiliated organization”.
On November 25, 2021, the Taipei High Administrative Court ruled against the KMT in a lawsuit brought by the committee regarding its ownership of two investment firms and proceeds from the sale of a residential building together valued at about 16 billion NTD. On January 28, 2024, the government won a court ruling allowing it to take over the stocks of two companies, the Central Investment Company and Hsinyutai Company, which were declared to be ill-gotten assets by the committee in 2016.