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Investigators raid Chen’s office

Dozens of investigators raided former president Chen Shui-bian’s (陳水扁) office yesterday morning after allegations surfaced that he had illegally removed boxes of classified government documents from the Presidential Office when he left office two years ago.

The search by the Supreme Prosecutor’s Office Special Investigation Panel (SIP) resulted in the removal of almost 60 boxes of files from the ex-president’s former office on Guanqian Road in Taipei and his new office on Linyi Street, office director Chen Sung-shan (陳淞山) said.

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US, Japan to hold exercise to recapture disputed isles

A massive military exercise of potential importance to Taiwan will be staged in December on and around the Ryukyu Islands by the Japan Self-Defense Forces and ships from the US 7th Fleet.

According to a study just released by James Holmes and Toshi Yoshihara, associate professors of strategy at the US Naval War College, the exercise is aimed at perfecting plans for recapturing the lightly protected islands should they be invaded by China.

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Newsflash

An electronic copy of a report obtained by the Taipei Times on the yet-to-be-approved sale of Nan Shan Life Insurance Co claims that the backers of the Hong Kong-based consortium led by Primus Financial Holding Ltd and China Strategic Holding may include individuals found guilty of financial irregularities as well as close relatives of senior members of the Chinese Communist Party.

The English translation of the report, which is dated March 10 and comes from the office of Democratic Progressive Party Legislator Pan Meng-an (潘孟安), also mentions risks of stock speculation and raises questions about the qualifications of major shareholders and the use of “shell” companies.