Many envoys wealthy, Control Yuan says


TAIPEI, CNA

Many of Taiwan’s overseas envoys are wealthy, according to their latest assets disclosure reports filed with the Control Yuan, the country’s supreme watchdog body.

A newly published Control Yuan report shows that all of the 12 ambassadors or overseas representatives who filed their annual assets disclosure reports recently possess more than NT$10 million (US$303,030) in family assets.

Among others, Ambassador to Costa Rica Wu Tzu-dan has more than NT$23.66 million in bank deposits under his and his wife’s names, in addition to over NT$1 million-worth of artwork and NT$300,000-worth of jewelry.

Representative to Italy Cheng Shin reported more than NT$50 million in bank deposits plus real estate holdings in France and 11 land plots in Taiwan and stock holdings valued over NT$4.8 million. Representative to Poland Teng Tzu-lin has nearly NT$50 million in bank deposits, while Representative to Austria Huang Chun-yen reported more than NT$40 million in bank deposits plus NT$14.89 million-worth of securities holdings.

Representative to Spain Francisco Hwang has more than NT$20 million in bank deposits, while Representative to Russia Chen Jung-chieh reported over NT$6.8 million in bank deposits plus NT$14.69 million in securities holdings, as well as artwork and antiques valued at over NT$5 million.

In comparison, most members of the Cabinet are not so well-heeled, with only a few exceptions.

Vice Premier Tsai Ing-wen is the richest Cabinet member, owning three land plots, a house and nearly NT$10 million in bank deposits. Moreover, she has placed more than NT$86.29 million-worth of state bonds into trust and has invested over NT$5.1 million in profit-making businesses.

Chairman Hu Sheng-cheng of the Council for Economic Planning and Development is also in clover, possessing five land plots, a house, over NT$20 million in bank deposits and NT$70 million worth of securities. In addition, Hu reported possession of 20 gold ingots worth over NT$450,000 in market value, a diamond ring worth NT$230,000 and a diamond necklace valued at NT$250,000.

Another affluent Cabinet member is Department of Health Minister Hou Sheng-mao, who has nearly NT$20 million in bank deposits and more than NT$10 million-worth of securities holdings. Moreover, he has placed into trust 13 pieces of land, seven houses and NT$28.22 million-worth of stock holdings.