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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


Minister of Economic Affairs Wang Mei-hua speaks at a news conference in Taipei on Nov. 21 last year.
Photo: CNA

Taiwan has submitted an application to join a Pacific trade deal, just days after China sent its own request to become a member of the agreement that was once pushed by Washington as a way to isolate Beijing and solidify US dominance in the region.