President declares bank deposits of nearly NT$50 million

President Tsai Ing-wen (???) has bank deposits of NT$49.27 million (US$1.56 million), NT$4.15 million less than last year, when she was running for president, according to the latest "Clean Politics Report" published Thursday by the Control Yuan, the nation's highest watchdog body.

Tsai also declared four pieces of land and two houses -- all in trust -- which remained unchanged from last year's declaration.

She owns securities worth NT$4.13 million, debts of NT$10.23 million and an investment of NT$1.1 million.

She collects NT$90,000 per month from renting out land.

The four pieces of land are located in Taipei's Songshan District and Daan District, with another in New Taipei's Yonghe District, while the two houses are in Taipei's Daan District and Yonghe District in New Taipei.

Tsai completed her property declaration to the Control Yuan Aug. 5. She last declared bank deposits of NT$53.42 million to the Central Election Commission on Nov. 27 when she was running for president.

This was the first time she had declared property since taking office in May.

She also declared the use of subsidies in two presidential elections. In the 2012 presidential election, she collected 6.09 million votes and received NT$182.8 million in subsidies from the Central Election Commission.

The money was used for promoting the Thinking Taiwan Foundation (?????) and for charity donations.

She reserved all subsidies collected from the 2016 presidential election for the use of her Democratic Progressive Party.

Meanwhile, Vice President Chen Chien-jen (???) declared four pieces of land and six houses.

Chen and his wife also declared bank deposits of NT$3.3 million, including various foreign currencies.

They also have securities worth NT$14.95 million, as well as 11 insurance policies.

Source: Focus Taiwan News Channel