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Groups planning independence march

In the face of the administration’s elaborate plans to celebrate the Republic of China’s (ROC) centennial, a pro-independence group yesterday said it was teaming up with the Democratic Progressive Party (DPP) to hold a march on Sept. 8 to reaffirm Taiwan’s sovereignty.

Former Examination Yuan president Yao Chia-wen (姚嘉文), who heads the Taiwan Nation Alliance, said at least three major events would be held this year.

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Chen won’t be charged over ‘secrets’

Taipei prosecutors announced yesterday they would not indict former president Chen Shui-bian (陳水扁) over charges that he leaked national secrets by disclosing details about the Presidential Office’s underground tunnel.

Since such information had previously been made public by a former security chief, it was no longer considered a national secret, prosecutors said.

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Newsflash

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.