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.
To mark a year of military rule, the US condemned the regime and unveiled sanctions targeting those supplying arms used to kill civilians.
Legal experts suggest brewery’s formerly best-selling brands may be marketed under a different company name in the future.
The cash-strapped regime will hold its second emporium for precious stones this year in Naypyitaw in the hope of earning much-needed revenue.