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No appeal on Chen’s assets

Prosecutors investigating former president Chen Shui-bian’s (陳水扁) corruption and money laundering cases yesterday said they would not appeal a High Court ruling to unfreeze certain assets of the former first family.

In November, the Supreme Prosecutors’ Office’s Special Investigation Panel (SIP) confirmed that it had requested the court to freeze NT$300 million (US$9 million) in bank accounts, stock holdings and real estate holdings of several members of the former president’s family.

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US positive on arms deal

Despite strong Chinese objections, there was a generally positive reaction throughout the US on Saturday to US President Barack Obama’s decision to sell more than US$6 billion in Patriot anti-missile systems, helicopters, mine-sweeping ships and communications equipment to Taiwan.

The Washington Post said that even though the new arms package did not include the sale of 66 F-16C/D fighters, “that does not mean the Obama administration has rejected Taiwan’s request.”

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Newsflash

Taiwan should continue to enhance military preparedness and encourage the public to fight, as the Chinese Communist Party’s (CCP) taste for risk-taking under Chinese President Xi Jinping’s (習近平) consolidated leadership remains to be seen, Taiwanese analysts said.

The CCP’s 20th National Congress concluded over the weekend with Xi retaining power for an unprecedented third term and stacking his government with loyalists.