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Former president Chen Shui-bian seeks release

Former president Chen Shui-bian (陳水扁) yesterday asked to be released from jail while appealing a 20-year graft sentence, saying that he had sent back most of the money that had been wired abroad.

After the Special Investigation Panel confirmed it had received almost all of the NT$662 million (US$22 million) Chen’s family had wired into Swiss bank accounts, Chen’s attorney said he was filing an application to secure the former president’s release.

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Cross-strait engagement best path to peace: AIT

Continued engagement is the best guarantee for maintaining peace and stability across the Taiwan Strait, said William Stanton, director of the Taipei Office of the American Institute in Taiwan (AIT), in an interview with a local newspaper on Thursday.

“Weapons are not the key” to cross-strait issues, Stanton was quoted by the Chinese-language United Daily News (UDN) as saying in the interview, which was published yesterday.

Last Updated ( Saturday, 30 October 2010 09:42 ) Read more...
 


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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.