Myanmar’s Tay Za ‘Rethinking’ Bank Sale to Ne Win’s Family

YANGON — Burmese tycoon Tay Za has said he is “reconsidering” an offer from the family of late dictator Gen. Ne Win to buy a majority stake in Asia Green Development (AGD) Bank. Last month a small share in the bank was transferred to one of Ne Win’s grandsons, with another grandson claiming that the […]

Govt, parliament have responsibilities to investigate AGD bank’s share transfer

To investigate whether the share transfer of Asia Green Development Bank (AGD) involves white money is dependent mainly on the government and the parliament. People have urged the executive pillars to inspect this case in line with the Anti-Money Laundering Law transparently. Such critics have risen following the in-person interview between Kyaw Ne Win – […]