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Presidential candidate indicted

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From Times Wire Reports

Taiwanese prosecutors indicted presidential hopeful Ma Ying-jeou on corruption charges, dealing a blow to the Harvard-educated lawyer considered to be a front-runner.

Ma denied the charges in a televised speech. However, he announced that he would step down as chairman of the Nationalist Party in line with a promise he made repeatedly in the last several weeks.

Investigators for three months have been looking into allegations that Ma mishandled a public fund when he was the popular mayor of Taipei.

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