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BackQuestioning Lin Guozhang’s involvement in Lili’s investment case, the Kuomintang group in the Legislative Yuan called for a public explanation
Questioning Lin Guozhang’s involvement in Lili’s investment case, the Kuomintang group in the Legislative Yuan called for a public explanation
Urgent
自由时报22 minutes agoPolitics3 min readChinaView original

Questioning Lin Guozhang’s involvement in Lili’s investment case, the Kuomintang group in the Legislative Yuan called for a public explanation

The Kuomintang League held a press conference and asked the DPP Yilan County Magistrate candidate Lin Guozhang to clarify his investment relationship with Lili Group and the interest avoidance system.

Quick Look

  • The Kuomintang group held another press conference on the 9th day to the election to question the Democratic Progressive Party candidate Lin Guozhang's involvement in the "new trend financier" Lili Group's "Lili Mingchi" case in Yilan.
  • It demanded that it disclose its investment relationships, clarify its land development interests, and propose an interest avoidance system to ensure that major county decisions such as future high-speed rail station construction, urban planning changes, and land development are not affected by private business relationships.

AI-generated summary

Why It Matters

The Kuomintang group has repeatedly questioned Lin Guozhang's past experience as a director and independent director of many public-owned enterprises. Last week, it questioned Lin Guozhang's personal investment and property declaration, and also criticized his relationship with local builders. A press conference was held again today to question Lin Guozhang's participation in the investment of "Lili Mingchi" invested by "Lili Group" in Yilan.

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As the election campaign comes to an end, the Kuomintang group of the Legislative Yuan held another press conference today (9th), questioning the Democratic Progressive Party's Yilan County Mayor candidate Lin Guozhang's involvement in investments related to the "new trend financier" Lili Group. It requested a clear disclosure of investment relationships, clarification of land development interests, and an interest avoidance system. If elected as Yilan County Mayor in the future, how to implement information disclosure, legal avoidance and external supervision when faced with major decisions such as high-speed rail station construction, urban planning changes, and land development.

The Kuomintang group has repeatedly questioned Lin Guozhang's past experience as a director and independent director of many public-owned enterprises. Last week, it questioned Lin Guozhang's personal investment and property declaration, and also criticized his relationship with local builders. A press conference was held again today to question Lin Guozhang's participation in the investment of "Lili Mingchi" invested by "Lili Group" in Yilan.

Xu Yuzhen, secretary-general of the party group, pointed out that Lin Guozhang is an out-and-out political trader of green camp investors. Lin Guozhang talks a lot about public welfare and claims to have given up Taipei's high salary to return to Yilan. Privately, he joins joint ventures with builders and develops land on a large scale. The soaring housing prices in Yilan are thanks to Lin Guozhang. If he becomes the county magistrate in the future, won't he be able to develop and speculate on land?

Xu Yuzhen said that what is even more exaggerated is that Lin Guozhang is not only a brother-in-law with the builder, he is also the "new trend baby" of Green Camp. New Trend's financier "Lili Group" invested in "Liliming Pool" in Yilan, and Lin Guozhang also participated in the investment, which proves that Lin Guozhang is one of the New Trend certified people.

Xu Yuzhen questioned that in addition to running a law firm, Lin Guozhang also invested in semiconductor companies that have close ties with both sides of the Taiwan Strait and local builders in Yilan. Now he has been confirmed to be a member of the new trend financial system. It turns out that Lin Guozhang has been working hard in Yilan for 30 years in order to develop tens of billions of land in Yilan. Shouldn't this high return on investment, which is both political and business-oriented, be subject to the scrutiny of the Yilan folks?

Xu Yuzhen pointed out that in the face of so many unclear political and business relationships, Lin Guozhang can no longer ask A and B. The Kuomintang group officially issued an ultimatum to Lin Guozhang, demanding a public debate. As a lawyer, you wouldn't dare to even debate, right? Ask Lin Guozhang to stand under the sun and personally explain to the people of Yilan County the interests of land development, and whether there is any ulterior exchange of political and business interests with the new wave of investors. If you dare not come out, you have something wrong with you.

Kuomintang legislator Lin Peixiang also said that every time someone raises a question, they hear "slander", "rumour-mongering" and "squid war". "We asked about land, but you answered with words; we asked about shares, and you answered with politics. Is it possible to use political slogans to declare even property issues when electing a county magistrate?"

Lin Peixiang said that he does not assume that anyone is guilty, but at least the candidates must have an attitude to face the test. If Lin Guozhang thinks that the outside world's doubts are untrue, the best way is to come up with information and explain it clearly at once. Those who are truly confident will answer with evidence; those who have not answered the question will be busy labeling the question.

Lin Peixiang emphasized that there is nothing wrong with opening a construction company, and it is not illegal to invest in land. As long as operations in accordance with the law and normal development can promote local prosperity in Yilan, we support it. But legal investment is one thing; whether politicians have conflicts of interest is another. Lin Guozhang is preparing to run for Yilan County Magistrate. If the future county magistrate himself, or his joint venture partners, have land development interests in relevant areas, how can county policy decisions be ensured to be fair?

Lin Peixiang said that we did not say that Lin Guozhang was involved in illegal activities. What we asked for was to make the relationship clear. Lin Guozhang is now a candidate for county magistrate and is not a shareholder of an ordinary company. When you choose to engage in public affairs, you must accept a higher standard of testing. We cannot ask for everyone's support for votes, but we are not willing to let everyone understand our investment; we cannot state our political views clearly, but our interests are vague. Today we are not trying to prevent anyone from investing legally, but we are trying to ensure that future decisions of the Yilan County government will not be affected by private business relationships.

What to Watch

AI outlook — possibilities, not facts

  • Lin Guozhang will be forced to disclose the details of his investment relationships and property declaration, and explain how to avoid interests.

    Likely · Within days

Open Questions

  • Did Lin Guozhang indeed participate in the investment in Liming Pool? What is the investment amount and shareholding ratio?
  • Is there any ulterior exchange of political and business interests between Lin Guozhang and Lili Group?
  • If Lin Guozhang is elected as Yilan County Mayor, how will interest avoidance be implemented in future high-speed rail station construction, urban planning changes and land development decisions?

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This article was originally published by 自由时报.

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