Legislators are also unhappy with the massive losses that the fund has recently posted.
In response, the Control Yuan is considering giving Lin a reprimand, local media reported. In a meeting held last Friday, the funds management committee appointed Yen as the team leader on a special task force to study how the massive shareholding in the fund could be disposed. Finance ministry officials said the policy direction is likely to sell the shareholding in overseas markets before unloading them on domestic market in an effort to minimize the impact on the domestic stock market. The task force is expected to complete its study before July, when the management committee holds its next meeting. Finance ministry officials said the preliminary share disposal plan will likely be done in several stages.