Taiwan moves to seize assets of fatal gas blast company
Published on Aug 6, 2014 8:16 PM
TAIPEI (AFP) - Taiwan's second city moved on Wednesday to seize the assets of the chemical company it holds responsible for deadly gas explosions which killed 30 people and left more than 300 injured.
The Kaohsiung city government blames LCY Chemical Corp. for last Thursday's powerful blasts, which sparked massive fires that tore through the streets of the southern metropolis and threw vehicles onto the roofs of buildings several stories high.
Officials say around 10 tonnes of propene may have leaked from pipelines operated by LCY Chemical in the hours before the first explosion, and on Wednesday asked a court for permission to seize assets worth tens of millions of dollars in order to pay compensation to affected residents.
"To lower the risk of residents in affected areas not getting compensation, we request the court to grant a provisional seizure of LCY Chemical's assets to prevent the company from transferring its assets to avoid paying the compensation," Kaohsiung mayor Chen Chu told reporters.
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