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Myanmar: Report exposes businesses linked to Myanmar military Senior General and his family, suggests financial interests as motive for coup

Senior General Min Aung Hlaing’s coup was supposedly for upholding the integrity of Myanmar’s electoral process, but Justice for Myanmar posits that his motivation lies on preserving his financial interests as head of the military’s economic conglomerates and the business interests of his family.

According to the report, Senior General Min Aung Hlaing expanded businesses that were built through the systemic corruption of military dictatorship and the theft of public assets. He oversees strategic assets outsourced to cronies and notorious international businesses through corrupt deals he has presided over.

Senior General Min Aung Hlaing has also abused his power to benefit his family, who have profited from their access to state resources and the military’s total impunity. His son, daughter, and daughter-in-law all benefit from their position of power.

Senior General Min Aung Hlaing economic activities have been the subject of growing domestic and international criticism. Since 2019, scrutiny of Senior General Min Aung Hlaing and the Myanmar military’s economic interests has increased, after the UN Fact-Finding Mission published a report that implicated military-owned businesses in genocide, war crimes and crimes against humanity.

Business & Human Rights Resource Centre invited 21 of the companies mentioned in the report to respond (responses and non-responses included): Kirin, Adani Ports & SEZ Ltd., KBZ, Ever Flow River Group and China North Industries (NORINCO) responded. KT Group, Asia World, A&M Mahar, China North Industries (NORINCO), Pan-Pacific, The Yangon Gallery, Azura Beach Resort, Sky One Construction, Winning Star, Mrauk-U Hotel, Nyein Chan Pyae Sone Manufacturing & Trading Company, Seventh Sense, Mytel, and Everfit did not respond. Myanmar Economic Corporation (MEC), Myanmar Economic Holdings Limited (MEHL) and The Yangon Restaurant could not be reached for comment.

Company Responses

Adani Ports and Special Economic Zone Limited (APSEZ) View Response
Myanmar Economic Corporation (MEC)

No Response

Myanma Economic Holdings Limited (MEHL)

No Response

Asia World Company

No Response

Ever Flow River Group View Response
A&M Mahar

No Response

The Yangon Restaurant

No Response

The Yangon Gallery

No Response

Azura Beach Resort

No Response

Winning Star

No Response

Mrauk-U Hotel

No Response

Nyein Chan Pyae Sone Manufacturing & Trading Company

No Response

Seventh Sense

No Response

Mytel

No Response

Everfit

No Response

China North Industries (NORINCO) View Response
Pan-Pacific

No Response

KT Group

No Response

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