A company tied to the conglomerate of Zaw Win Shein, son of a minister in the Thein Sein govt, bought the telecom for $576 million; the source of the funds is unclear.
The British financial media firm last month named UAB as Myanmar’s ‘Best Bank’ despite its ties to Myanmar’s military regime and to sanction-hit company IGE.
U Kyaw Min Oo’s Sky Aviator Co. supplies—at greatly inflated prices—spare parts for jet fighters and helicopters purchased by Myanmar’s military from the two countries.
The ‘Amazing’ resort chain owned by U Aung Myo Min Din, a former student of Min Aung Hlaing’s wife, has grown dramatically since the junta leader became military chief.
Suntac Group owner U Sitt Taing Aung has close ties to military dictators past and present, along with other local and global arms dealers and manufacturers.