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.
The suspension of their accounts angered the wheelchair-bound former first lady Wu Shu-jen (吳淑珍), who said the family’s monthly expenditures added up to about NT$300,000 because of her medical expenses. The family also owes legal fees to lawyers who are defending them in the corruption and money-laundering cases at the Taiwan High Court. The family then filed an appeal of the ruling in order to have their assets unfrozen.
About two weeks ago, the Taiwan High Court ruled in favor of Wu, ordering the SIP to free up more than NT$4.63 million in Wu’s bank account. Judges said they found Wu indeed needed to pay at least NT$120,000 a month for her living and medical expenses, and roughly NT$3.9 million in legal fees.
SIP spokesperson Chen Yun-nan (陳雲南) yesterday said: “Prosecutors respect the court’s decision. We will not appeal.”
The SIP previously argued that the former first family had enough money in the unfrozen accounts to sustain itself, with NT$5 million in unfrozen bank accounts and rental income from properties, insurance compensation and monthly stipends from Chen Shui-bian’s terms as president.
SEND A MESSAGE: Sinking the amphibious assault ship, the lead warship of its class, is meant to show China the US Navy is capable of sinking their ships, an analyst said The US and allied navies plan to sink a 40,000-tonne ship at the latest Rim of the Pacific (RIMPAC) exercise to simulate defeating a Chinese amphibious assault on Taiwan. This year’s RIMPAC — the 29th iteration of the world’s largest naval exercise — involves the US, 28 partners, more than 25,000 personnel, 40 warships, three submarines and more than 150 aircraft operating in and around Hawaii from yesterday to Aug. 1, the US Navy said in a press release. The major components of the event include multidomain warfare exercises in multiship surface engagements, anti-submarine warfare and multi-axis defense of a carrier strike
Taiwanese could risk being extradited to China when traveling in countries with close ties to Beijing, Taiwan Association of University Professors deputy chairman Chen Li-fu (陳俐甫) said on Friday. Chen’s comments came after China on Friday last week announced new judicial guidelines targeting Taiwanese independence advocates. Myanmar, Cambodia, Laos and Djibouti are among the countries where Taiwanese could risk being extradited to China, he said. The Mainland Affairs Council (MAC) on Thursday elevated the travel alert for China, Hong Kong and Macau to “orange” after Beijing announced its guidelines to “severely punish Taiwanese independence diehards for splitting the country and inciting secession.” Extradition treaties
The airspace around Taiwan Taoyuan International Airport and Taipei International Airport (Songshan airport) is to be closed for an hour on July 25 and July 23 respectively, due to the Han Kuang military exercises, the Ministry of National Defense said yesterday. The annual exercise is to be held on Taiwan proper and its outlying islands from July 22 to 26. During last year’s exercise, the military conducted anti-aircraft landing drills at the Taoyuan airport for the first time, for which a one-hour no-fly ban was issued. Based on a live-fire bulletin sent out by the Maritime and Port Bureau, the nation’s
Taiwan and Thailand have signed an agreement to promote and protect bilateral investment and trade, the Executive Yuan’s Office of Trade Negotiations (OTN) said on Friday. The agreement on “Promotion and Protection of Investments” was signed by Representative to Thailand Chang Chun-fu (張俊福) and Thailand Trade and Economic Office in Taipei executive director Narong Boonsatheanwong on Thursday, the OTN said in a news release. Thailand has become the fifth trading partner to sign an investment agreement with Taiwan since 2016, following earlier agreements with the Philippines, India, Vietnam and Canada, the OTN said. The deal marks a significant milestone in the development of