Min Aung Hlaing Family Assets Recovered in Thai Drug Raid – The Diplomat

ASEAN Beat | Politics | Southeast Asia

Property belonging to the kids of Senior Gen. Min Aung Hlaing, the top of Myanmar’s navy junta, had been discovered by Thai police throughout a raid on the Bangkok condominium of a Myanmar tycoon at the moment in custody for drug trafficking and cash laundering.

In accordance with a report by Reuters, which cited an official seizure file and two individuals with data of the case, the September 17 raid on the condominium belonging to Tun Min Latt yielded title deeds and bankbooks belonging to Min Aung Hlaing’s daughter and son.

Reuters reported that police seized $8.96 million price of belongings, together with luxurious automobiles, watches and costly baggage, together with $239,091 in money. The seizure file additionally contained actual property title deeds and a 2017 buy contract for a four-bedroom unit in the identical apartment advanced within the title of Min Aung Hlaing’s son Aung Pyae Sone, and two Siam Industrial Financial institution (SCB) bankbooks belonging to his daughter Khin Thiri Thet Mon.

Tun Min Latt, 53, was arrested in September together with three Thai nationals and has since been indicted on prices of drug trafficking and for his alleged function in laundering drug cash. This concerned his alleged brazen buy of power from a Thai state-owned firm, which he then despatched over the border to be bought in Myanmar, as detailed on this joint report by Prachatai and the Organized Crime and Corruption Reporting Challenge.

Shortly after the tycoon’s arrest, police mentioned that they’d seized an estimated 1.8 billion baht ($54 million) price of belongings together with money, automobiles, luxurious watches, designer purses, and actual property, together with accommodations and resorts. The belongings seized in the course of the September raid had been presumably a part of this whole.

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The restoration of the belongings is in some methods no shock. Tun Min Latt has been lengthy recognized to get pleasure from shut ties with Min Aung Hlaing and has reportedly procured provides for the nation’s navy. Tun Min Latt additionally previously had a shared firm with Khin Thiri Thet Mon, Myanmar-based advocacy group Justice For Myanmar (JFM) reported final 12 months.

Regardless of the Min Aung Hlaing household’s hyperlinks to critical prison proceedings, the Thai police are reportedly not treating Min Aung Hlaing’s offspring as individuals of curiosity within the case. JFM, which additionally obtained the seizure file cited by Reuters, mentioned in a press release that it “understands the bodily gadgets had been confiscated however the belongings haven’t been seized, and that Thai police haven’t expanded their investigation to Min Aung Hlaing’s youngsters.”

Nonetheless, the revelation raises apparent questions in regards to the provenance of Min Aung Hlaing’s household’s wealth, in addition to the attainable – which is to say, persevering with – use of Thailand by junta cronies as an offshore monetary sanctuary – this regardless of the wall of Western sanctions which have been imposed on Myanmar’s junta because the February 2021 coup. Like their father, Khin Thiri Thet Mon and Aung Pyae Sone have each been sanctioned by the US and Canada. In saying its sanctions, the U.S. Treasury Division claimed that the pair “have quite a lot of enterprise holdings, which have immediately benefited from their father’s place and malign affect.”

In its assertion this week, JFM mentioned that the case “demonstrates that senior Myanmar navy members of the family have entry to Thai banks and extra broadly to Thailand as a vacation spot to cover their unlawful beneficial properties from the navy’s systemic corruption.” It known as on Thailand’s allies “to use strain to make sure Thailand is just not a vacation spot for Myanmar conflict criminals to cover their loot with impunity.”