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The Myanmar junta has eliminated Lieutenant Basic Moe Myint Tun from his management roles on key supervisory our bodies overseeing international funding, commerce and international alternate, following his arrest and investigation for corruption.
Till his arrest early this month, Moe Myint Tun chaired the junta-controlled Myanmar Funding Fee, International Alternate Supervisory Committee and Central Committee on Guaranteeing Clean Stream of Commerce and Items.
The regime changed him in all three positions with Transport and Communications Minister Basic Mya Tun Oo on Monday and Tuesday, in accordance with orders signed by Lieutenant Basic Aung Lin Dwe, the secretary of the junta’s governing State Administration Council.
The junta launched an inside investigation into corruption allegations towards Moe Myint Tun on Tuesday.
The investigation got here days after the 55-year-old common was positioned underneath home arrest and interrogated following the arrest of one in every of his key subordinates and the interrogations of lots of of businesspeople who had dealings with Moe Myint Tun.
As a part of a marketing campaign to rein in hovering commodity costs and international alternate charges, the junta arrested Main Basic Yan Naung Soe, who was the joint secretary of the Central Committee on Guaranteeing Clean Stream of Commerce and Items, earlier this month. Since then, the regime has interrogated lots of of importers, exporters, bankers and officers at military-owned companies, together with Myawaddy Financial institution and conglomerate Myanmar Financial Company.
The interrogations allegedly revealed that Moe Myint Tun squirreled away tens of millions of US {dollars} in bribes from businesspeople over the previous two years. Some businesspeople instructed The Irrawaddy they needed to pay him a minimum of US$20,000 or the equal in gold and presents—Louis XIII cognac, with an inventory worth of greater than $4,000 for a 750ml bottle, was extremely most popular—simply to satisfy him.
Ranked quantity six within the Myanmar navy, Moe Myint Tun was handled by regime chief Min Aung Hlaing as his protégé. He’s the youngest member of the regime’s governing State Administration Council. The junta has not but made any announcement concerning his place on the council.
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