As Myanmar’s junta puts cronies in its crosshairs, businesses fear worse to come

The arrest of two of Myanmar’s most prominent tycoons since late March has stirred concerns of a deepening crisis in the country’s business community.

Khin Shwe, who heads Zaykabar, a conglomerate with interests in real estate and telecommunications, and Chit Khine, whose Eden Group has even more expansive operations in a number of key sectors, including construction, agriculture, and banking, were taken into regime custody just over a month apart. 

Khin Shwe was detained along with his son on March 21 on charges related to a development project on military-owned land, and Chit Khine was arrested on April 22 to face allegations of corruption in connection. . .

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