http://www.chinapost.com.tw/taiwan/n.../Winner-of.htm
Updated Tuesday, November 13, 2012 0:25 am TWN, The China Post
Winner of Taipei Twin Towers bid plans to sue over allegations
By Adam Tyrsett Kuo--Taipei Gateway International Development Co. Ltd. (太極雙星) said yesterday that it will release a detailed written response to the public's concern over the C1/D1 Joint Development Buildings — also known as “Taipei Twin Towers.”
The firm reiterated that it complied fully with Taipei City regulations in securing the rights to the development project.
According to a statement released yesterday, the firm has also hired a team of legal experts and plans on suing those who have made false allegations against it.
Taipei Councilor Ying Hsiao-wei (應曉薇) recently cast doubts over the bidding process of the project, arguing that there is reason to suspect the firm of being a “shell corporation.”
Ying said that the company only has capital of NT$77 million, while the project is estimated at NT$70 billion.
Taipei's Department of Rapid Transit Systems (DORTS, 捷運工程局), on the other hand, responded by saying that it was the consortium headed by Taipei Gateway International Development Co. Ltd. that won the bid and not the firm itself.
The consortium in question reportedly consists of IGB Corporation Berhad and Mid Valley City Sdn. Bdn.
IGB Corporation Berhad alone has a net worth of NT$20.9 billion, almost double the threshold set at NT$10.5 billion, said DORTS Joint Development Division (聯開處) chief Lin Hsun-chieh (林勳杰).
According to local reports, the Control Yuan and Taipei's Department of Government Ethics (政風處) have begun investigations into the case to determine whether there were incidents of misconduct concerning Taipei City officials.
The planned towers, located near Taipei Railway Station, are expected to become a major landmark and transportation hub in the nation's capital city.