Dr. Tun Min Latt has brokered the sale of weapons to the regime and is a long-time middleman for numerous Myanmar military businesses.
Myanma Economic Holdings failed to pay its annual dividends to its shareholders, many of whom are members of the armed forces.
The construction of MEHL’s new head office in Naypyitaw appears to reflect the regime’s fears of resistance attacks in the commercial hub, Yangon.
Nilar Yoma Gems Co. Ltd. once engaged in jade mining with military-owned MEHL in Sagaing Region but had been inactive for several years.
The beverage giant says military conglomerate MEHL rejected its plan for ending their brewing venture and was attempting to liquidate it in violation of their agreement.
Legal experts suggest brewery’s formerly best-selling brands may be marketed under a different company name in the future.
The beverage giant said sales at Myanmar Brewery, which is currently the target of an anti-regime boycott, plummeted by nearly 50 percent on-year in Q3.
Dr. Tun Min Latt is reportedly involved in casinos, state power projects, the arms trade and payments after more than 700,000 Rohingya were forced from Rakhine State.