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Article

21 Feb 2008

Author:
Brian McCartan, Asia Times

Smart sanctions target Myanmar tycoon

The United States...announced earlier this month that it will expand the...sanctions it imposed on individual family members of Myanmar... Those included among the newly blacklisted were members and individuals associated with businessman Tay Za's state-linked commercial empire. The recent sanctions are...designed to target specific generals and their associated business interests rather than the entire population. The latest set of sanctions specifically target Tay Za's Htoo Trading Company Limited, also known as the Htoo Group of Companies...which includes Ayer Shwe Wah Company Ltd, Myanmar Avia Export Company Ltd and Pavo Aircraft Leasing Company Ltd...U Kyaw Thein is a Singapore resident and known to manage Tay Za's business offices there. He currently serves as a director for Air Bagan Holdings Company Ltd, Htoo Wood Products Company Ltd, Pavo Aircraft Leasing Co Ltd and Pavo Trading Co Ltd...Another of Tay Za's business concession gems is Air Bagan...Tay Za...has claimed publicly that his companies have over the past decade donated US$6 million to various social causes...[Also refers to Alcatel Shanghai Bell, Myanmar Avia Export Company, MAPO, MiG, Rostvertol, Oboronprom Corporation.]