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Ministry rejects KMT bond payment


Chinese Nationalist Party (KMT) Administration and Management Committee director-general Chiu Da-chan speaks at a news conference in Taipei yesterday.
Photo: CNA

The Ministry of Finance yesterday rejected the Chinese Nationalist Party’s (KMT) offer to pay a NT$864.8 million (US$28.6 million) fine imposed by the Ill-gotten Party Assets Settlement Committee with US dollar-denominated bonds issued by the government in 1947.

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Presidential guard cut in sword attack


An injured military police officer is being taken to National Taiwan University Hospital after being attacked by a man wielding a samurai sword outside the Presidential Office Building yesterday.
Photo: Lee Hsin-fang, Taipei Times

A man wielding a Japanese sword yesterday slashed a military police officer guarding the Presidential Office Building, authorities said.

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Newsflash

Former President Chen Shui-bian should be released from custody since his family had agreed to return funds from overseas accounts to Taiwan, his son Chen Chih-chung said yesterday.

The former head of state has been detained since Dec. 30, 2008 as a suspect in cases of corruption and money laundering. Expectations that he would be released rose after his relatives agreed last week that Switzerland could wire about NT$700 million into accounts designated by Taiwan prosecutors.