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Taiwanese businessman misled by Chinese bank

A Taiwanese businessman investing in China was shocked when he found that a 50 million yuan (US$8 million) loan he applied for from the China Construction Bank (CCB) more than a year ago actually went into a unrelated business in China and was used as collateral for another 90 million yuan loan.

The 73-year-old Chen Hsi-so (陳細鎖) said that on the recommendation of a friend, he opened a lime absorbent plant in Wuping District, Longyan, in China’s Fujian Province last year, and applied for a 50 million yuan loan from CCB’s branch in Wuping.

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Politicians urge Ma to reflect on criticism

After an article in the latest edition of the Economist magazine called President Ma Ying-jeou (馬英九) a bumbler, politicians across party lines yesterday said that Ma should thoroughly reflect on his leadership and governance practices.

In the piece entitled “Ma the Bumbler,” the global publication said that in addition to the dismal international economy, “Mr. Ma’s leadership is also to blame” for some of Taiwan’s problems.

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Newsflash


A woman makes a phone call in this picture taken yesterday. It has been reported that the Special Investigation Division has been wiretapping the legislature’s switchboard.
Photo: Liao Chen-huei, Taipei Times

Democratic Progressive Party (DPP) caucus whip Ker Chien-ming (柯建銘) yesterday accused the Supreme Prosecutors’ Office Special Investigation Division (SID) of wiretapping the Legislative Yuan.

The legislature’s central exchange number, along with Ker’s cellphone number, were found on lists of tapped telephone lines.

All inbound and outbound telephone calls to the Legislative Yuan have been wiretapped, Ker said.