TAIPEI (TVBS News) — President-elect and Democratic Progressive Party (DPP) Chairman Lai Ching-te on Wednesday (April 24) dismissed allegations of failing to declare his Rolex watches, stating that he owns two, each worth around NT$100,000, and thus, there was no need for declaration.
The Kuomintang (KMT) legislator Hsu Chiao-hsin previously raised doubts about Lai owning three Rolex watches, potentially worth up to NT$1.3 million, none of which were declared in his assets.
Addressing the issue at a DPP meeting, Lai clarified that his first watch was a gift from his mother, worth only a few hundred dollars. His cousin gifted him a Rolex when he was elected as a national representative, which he has since lost. The other Rolex, his third watch, was purchased during a trip to Japan.
Each Rolex, Lai reiterated, was worth around NT$100,000, negating the need for asset declaration.
