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Chen found not guilty in bribery trial

Citing insufficient proof, the Taiwan District Court yesterday acquitted former president Chen Shui-bian (陳水扁) and his wife, Wu Shu-jen (吳淑珍), of charges that they laundered money and took bribes from bankers in exchange for help manipulating bank mergers.

Nineteen co-defendants were also cleared of charges of money laundering, breach of trust and insider trading because of a lack of proof, Judge Chou Chan-chun (周占春) said yesterday afternoon.

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Republican win good for Taiwan: FAPA

Major Republican victories in the US midterm elections could leave Taiwan in a strong political position on Capitol Hill, a Taiwan lobby organization said.

With Republicans capturing 60 seats to take control of the House of Representatives and the Democrats managing to hang on to the Senate by a narrow majority, power is now divided in Washington. As a result, Taiwan’s supporters in Congress are expected to have increased freedom to speak out on controversial issues, such as arms sales, free trade and a place for Taiwan within international organizations.

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Newsflash

Taiwan has carried out a major missile exercise less than a fortnight after China showed off advanced ballistic weaponry in a massive National Day parade in Beijing, local Chinese-language newspapers reported yesterday. The Presidential Office, however, declined to confirm or deny the reports.

Missiles capable of striking major Chinese cities were launched on Tuesday from the tightly guarded Jioupeng (九鵬) base in Pingtung County, both the pro-opposition Liberty Times (the Taipei Times’ sister paper) and the pro-government United Daily News reported.