အေမရိကန္ေဒၚလာ ၄.၉ ဘီလီယံ from the China National Corporation for Overseas Economic Cooperation (CCOEC) ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ “When we were released from prison, we were deeply touched by the trust and support exhibited to us by our friends in the international business community who intended to invest in this country,” Aye Ne Win wrote in an emailed response to questions from The Irrawaddy. . Part of this good will, he said, was the opportunity to invest US$4.9 billion from the China National Corporation for Overseas Economic Cooperation (CCOEC) in various sectors in Burma. According to CCOEC’s website, it is part of China General Technology Group (Genertec), a Chinese government-owned conglomerate. . “After careful evaluation, it was brought to our knowledge that the said amount is legitimate and clean,” Aye Ne Win said of the Chinese money, also rejecting any suggestion that his family’s wealth derived from ill-gotten gains. . “In this day and age of WikiLeaks, it is highly unlikely that any fortune that is accumulated as result of some wrongdoing will go unnoticed.” . He said AGD Bank was chosen partly due to the family’s close relationship with Tay Za, whose father, Col. Myint Swe, was a trusted officer under Ne Win in the 4th Burma Rifles. . “Highly reputable and prestigious though some other banking institutions in this nation undoubtedly are, we chose to establish a strategy alliance with U Tay Za and AGD Bank because we have personal connections between our families and the bank in question can provide us with an assurance of a promising future,” he wrote. . Aye Ne Win said the future owners of AGD Bank had not yet decided if they would go ahead with a previous plan for the bank to be listed on Burma’s new stock exchange in 2015. . Despite the confidence of the dictator’s grandson, news of the grand takeover plan had apparently not filtered down to everyone on AGD Bank’s board. . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ Ne Win Scions Plan Takeover of Tay Za’s Bank . By KYAW HSU MON / THE IRRAWADDY Tuesday, July 22, 2014 . irrawaddy.org/business/ne-win-scions-plan-takeover-tay-zas-bank.html ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ . [ Photo copied from ဒီမုိ အန္းဂရီးဘတ္ dated July 21, 2014 ] .
Posted on: Tue, 22 Jul 2014 13:54:49 +0000
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