Sons of top generals handed fuel-station permits
- Written by Mizzima News
- Category: Investment
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Chiang Mai (Mizzima) – Burma’s ruling military junta has issued petrol-station permits to the sons of Senior General Than Shwe and General Thura Shwe Mann, and junta cronies, according to an Energy Ministry report.
Myanmar Naing Group, owned by Than Shwe’s son Tun Naing Shwe, has obtained permission to run a total of six petrol stations in Rangoon and Mandalay divisions, and in Shan State, a Ministry of Energy report received by Mizzima reveals.
Tun Naing Shwe’s company also operating jade-mining business in Pharkant in Kachin State, in the country’s north. He holds the controlling share of J-Donut outlet in Rangoon, a retail pastry shop styled on Dunkin’ Donuts and frequented by the children of Burma’s corrupt elite.
Since Burma’s oil sector was privatised on May 15, Ayar Shwewa/Shwe Yamone and Zaykabar (Zaygabar), linked to sons of military chief of staff, Thura Shwe Mann – Aung Thet Mann and Toe Naing Mann – were given permission to open private petrol stations. The former company was licensed to run 12 stations, the latter, two.
The application for Zaykabar (Zaygabar)’s license to run the two stations is under Toe Naing Mann’s despite the company being owned by his father-in-law, Khin Shwe.
Concessions to the likely lucrative petrol-station business went to junta nationalist social organisation, the Union Solidarity and Development Association, and Myanmar Economic Holdings – a company that feeds income to the junta – which received 15 and 14 stations respectively.
The other big junta crony companies that have been awarded petrol station licenses are: Tay Za’s Htoo Trading, Shwetaung Development, Shwe Than Lwin, Nilar Trading, Asia World and Kanbawza.
