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Foreign minister owns Facebook stock: gov't watchdog

Foreign minister owns Facebook stock: gov't watchdog

Taipei, March 22 (CNA) The Control Yuan -- the nation's highest watchdog -- published Friday its latest report on assets and liabilities declared by government officials, which showed that Foreign Minister David Lin owns stock in Facebook. The report showed that Lin, who assumed his new post last September and made his asset declaration for the first time, is the owner of property in Taipei's Wenshan District and has savings in multiple currencies totaling NT$9.8 million (US$328,207). Lin also owns stock valued at NT$8.44 million, including NT$2.9 million worth of Yahoo's stock and NT$800,000 worth of Facebook shares. The report also showed that new Premier Jiang Yih-hua declared that during his one-year tenure as vice Premier since February 2012, property was bestowed on him. The property is located in downtown Taipei's Zhongzheng District. He also declared cash savings totaling NT$7.49 million and multiple insurance policies . Wang Yu-chi, a national security adviser to President Ma Ying-jeou before he took over as head of the nation's top China policy planner last September, declared his ownership of a housing unit he had bought in 2009 for NT$20.5 million. Wang, who is also a first-time declarant, reported stock and mutual fund investments worth NT$7.89 million. According to the report, Vice Premier Mao Chi-kuo also declared property, NT$3.77 million in cash savings and a NT$18.49 million mortgage, while serving as transport minister from 2008 till early this year. (By Justin Su and Scully Hsiao)


Updated : 2021-04-17 20:41 GMT+08:00