Gunmen Steal More Than $60,000 From Bank in Myanmar’s Yangon

By The Irrawaddy 30 August 2021

Four unidentified gunmen robbed a former state-owned bank and stole over 100 million kyats (US$61,000) in Yangon on Monday.

The Global Treasure Bank (GTB)’s chairman U Maung Maung Thein confirmed the robbery at a branch in No. (1) ward in Yangon’s Mayangone Township on Monday morning.

“Approximately, more than 100 million kyats were stolen. Our auditor team is checking the details,” he told The Irrawaddy on Monday afternoon.

He added that no one was injured during the robbery.

According to a resident, the four robbers managed to escape the scene in a vehicle.

The robbery occurred in the morning after a series of blasts rocked about eight locations in Yangon, including in Insein Township next to Mayangone, where the robbery occurred.

“Now, police and soldiers are investigating and searching for the robbers in wards near the bank,” a resident who lives near the bank told The Irrawaddy.

In July, a GTB branch located near a police station in Yangon’s South Oakkalapa Township was robbed by three gunmen. At that time, more than 10 million kyats was stolen.

The GTB was established by the ministry of Livestock, Fisheries and Rural Development as a semi-government bank in 1996 under the name Myanmar Livestock and Fisheries Development Bank and has opened a total of 172 branches in Myanmar.

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