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Former VP Lu challenges Cairo Declaration validity


Former vice president Annette Lu talks to the media in Taipei yesterday.
Photo: CNA

Former vice president Annette Lu (呂秀蓮) yesterday questioned Taiwan’s retrocession, challenging the validity of the Cairo Declaration, and warned of Beijing’s “soft unification” strategy, while calling President Tsai Ing-wen’s (蔡英文) cross-strait policy evasive.

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Two local banks failed US financial exams, Koo says


Financial Supervisory Commission Chairman Wellington Koo, left, answers questions from lawmakers on the Finance Committee at the Legislative Yuan in Taipei yesterday.
Photo: CNA

There is no guarantee that Hua Nan Commercial Bank (華南銀行) will be able to avoid being fined by US regulators for the failure of its New York branch to comply with US regulations on money laundering, Financial Supervisory Commission (FSC) Chairman Wellington Koo (顧立雄) said yesterday.

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Page 87 of 248

Newsflash

Taipei District Prosecutors yesterday added more charges against detained former president Chen Shui-bian (陳水扁), alleging the former president instructed his former aides to lie about the reimbursement processes for the presidential “state affairs fund.”

Prosecutors allege that in 2006, when he was still in office, Chen called a meeting at the Presidential Office with former Presidential Office deputy ­secretary-general Ma Yung-cheng (馬永成) and former Presidential Office director Lin Teh-hsun (林德訓) to instruct them to lie about inappropriate receipts that were used in reimbursements for the fund.