
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. . .