Myanmar’s publicly mandated National Unity Government (NUG) announced on Thursday that their forces had seized more than 44 billion kyat (US$20.9m) from five private bank branches in the district seat of Kawlin in upper Sagaing Region, which is under the control of the resistance.
Some 32.6b kyat ($15.5m) was confiscated from Kanbawza Bank, 9.2b ($4.38m) from Myanma Apex Bank, more than 1b ($475,837) from Ayeyarwady Bank, 310m ($147,500) from Global Treasure Bank, and more than 280m ($133,234) from Tun Commercial Bank, the statement said.
The declaration followed an NUG announcement on November 14 claiming that its forces had taken control of more than 900m kyat ($428,254) from the state-owned Myanmar Economic Bank in Kawlin.
It also alleged that there had been attempted break-ins to its vaults, but that these were thwarted and no public funds. . .
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