CNI News
5 June 2024
The people within the country who were illegally selling and buying condos in foreign countries have been arrested, reported the State Administration Council (SAC) on 3rd June, 2024.
U Aung Kyaw Tun, director and U Min Thu Kyaw, general manager of Minn Thu Company that is located in Pazundaung Township, Yangon Region for illegal selling condo apartments in Thailand and transferring money through illegal hundi system.
However, because U Min Thu Kyaw ran away, the SAC has issued an arrest warrant for him.
Moreover, U Nay Myo Han, U Min Tun and Daw Myat Myat Mon who illegally bought apartments abroad that were sold by Minn Thu Company and transferred money through bank accounts illegally opened at the banks in Thailand without permission from the Central Bank of Myanmar were also arrested.
Those arrested would be effectively taken action against in accordance with the law, stated the SAC.
It would continue to investigate and identify sellers of condo apartments abroad through online and buyers to take action against them, stated the SAC.
