Myanmar Junta Detains Petrol Tycoon With Corruption Charge
U Zin Min Aung, the major shareholder in the chain of Yangon Petrol (YP) filling stations, becomes the third tycoon to be charged by the regime since February.
The commission also filed corruption charges against ousted Yangon Region National League for Democracy (NLD) figures
It was reported that YP Co. bought state-owned land from the regional government at 2,000 kyats per square foot, far below the market rate. In return, YP filling stations were expected to sell at lower prices and its petrol prices were reportedly around 50 to 60 kyats per liter less than other filling stations.
A petrol industry source in Yangon told The Irrawaddy that U Zin Min Aung’s arrest is connected with YP’s acquisition of land.
The majority of YP’s directors are also on the board of PT Power Co.
7 May 22
https://www.irrawaddy.com/news/burma/myanmar-junta-detains-petrol-tycoon-with-corruption-charge.html
https://ptpowertrading.com/
Myanmar court gives go-ahead for Suu Kyi corruption trial
A court in Myanmar has ruled that a corruption trial for ousted leader Aung San Suu Kyi and three political colleagues will continue after finding that prosecutors presented sufficient evidence for their indictment
A legal official who is familiar with Suu Kyi’s cases said she and her co-defendants were formally indicted Tuesday on four corruption counts on charges of allegedly building a residence with money from charitable donations and granting permits to rent land at lower-than-market prices for a foundation named after her mother.
May 24, 2022
https://abcnews.go.com/International/wireStory/myanmar-court-ahead-suu-kyi-corruption-trial-84931916