Corrupt ex-LG Moe Myint Tun took personal benefits abusing the State’s foreign exchange policy, essential goods policy and other economic policies while serving under the auspices of the member of the State Administration Council, the Chairman of the Myanmar Investment Commission, the Chairman of the Foreign Exchange Supervisory Committee and Central Committee for Ensuring Smooth Flow of Trade and Goods.
Touted as the person to replace SG Min Aung Hlaing, he blatantly abused his position of power and committed treason by violating the roadmap and objectives adopted by the State. Central Bank of Myanmar (CBM) sold US dollars for importing palm oil to be sold at the discounted rate to edible oil importers yet he did not take action against those entities or persons who had raised the price of palm oil, instead of toeing the state controlled price.
Moreover, he took bribes given by companies as part of the scam to cheat the government of foreign exchange, illegally keeping foreign exchange currencies and participating in civilian businesses by breaking directives related to the military discipline.
He was indicted under the court martial and the tribunal sentenced him to a prison term of a 20-years equivalent of a life sentence.
In a similar case, ex-BG Yan Naung Soe (an officer previously served under Moe Myint Tun) serving the duties of Joint Secretary of the Central Committee, took personal benefits against the economic policies of the State and committed treason to the State, together with ex-LG Moe Myint Tun. He also violated the roadmap and objectives adopted by the State by contravening the conformity with foreign exchange, essential goods and other economic policies.
He abused his position to profit from exchange rate differentials between the government set for essential goods and the actual prices charged to public by designated businesses. He accepted bribes in foreign currency and Myanmar kyats from businesspersons, paving connections between business persons and his partner in crime, Moe Myint Tun. He illegally kept foreign currencies and participated in the civilian businesses in breach of directives related to military discipline.
He was also court martial-led and sentenced for the term of a 20-year imprisonment equivalent to a life sentence.
Hopefully, they would not be so readily and easily pardoned in a couple of years time, as even the perception of corruption at the very top, let alone actual corruption, tear down the image of Myanmar across the world and degrade standing of its citizens among the nations!
