Proposal to investigate NDF investments passesBy Lee Wen-hsin and Esme Yeh / Staff reporter, with staff writerA proposal by the Taiwan People’s Party (TPP) caucus to set up an investigation committee into National Development Fund (NDF) investments passed during a plenary vote at the legislature yesterday. Despite opposition from the Democratic Progressive Party (DPP), the proposal passed with Chinese Nationalist Party (KMT) and TPP lawmakers, who hold a combined majority in the legislature, voting in favor of it. Legislators from different parties hold placards stating their respective stances on a proposal to investigate NDF investments, at the Legislative Yuan in Taipei yesterday. A committee to investigate the agency’s investments and managerial misconduct should be established, with the results compiled into a report to inform about the reforms that are needed, it said. The committee would investigate whether wrong decisions were made regarding investments, corruption was covered up due to external intervention and whether the fund properly reviewed its failed investments to make improvements, it added.

Source: Taipei Times November 22, 2024 16:42 UTC