Military authorities arrested rice business executives, wholesalers, and warehouse staff in Yangon and other cities last Friday for alleged noncompliance with price controls, according to sources close to the detainees.
The detainees included executives at rice companies as well as owners and employees of the Bayinnaung Warehouses in Yangon, their associates said.
Among the dozen or so businessmen under investigation are Ye Min Aung, the executive chair of the Myanmar Rice Federation (MRF), and Lu Maw Myint Maung, chair of the Bayinnaung Rice Warehouses.
The MRF, a private sector association of rice producers and companies, is responsible for arranging exports of rice to China and other trade partners of Myanmar.
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