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High Court upholds not guilty verdict for Chen

The Taiwan High Court yesterday acquitted former president Chen Shui-bian (陳水扁) in an embezzlement case involving US$330,000 in secret diplomatic funds.

The Taipei District Court in June last year found Chen not guilty in the embezzlement case and the Taiwan High Court yesterday maintained the lower court’s ruling.

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Tsai Ing-wen needn’t apologize: Lee

Former president Lee Teng-hui (李登輝) yesterday said Democratic Progressive Party (DPP) Chairperson Tsai Ing-wen (蔡英文) did not need to apologize for the controversy caused by her pension savings account that provides an 18 percent preferential interest rate.

Lee said reform of the system must be fair and just and the focus must be on the system, rather than on individuals collecting the dividends.

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Newsflash

With the US stalling on Taiwan’s request to purchase diesel-electric submarines, The Heritage Foundation said in a study that there is now a “submarine arms race” in the Pacific Ocean.

The 13-page study says that since the end of the Cold War, China has dramatically expanded its Navy, especially its submarine fleet, adding dozens of attack subs since 1995.