Myanmar: New Commission Formed to Investigate Alleged Gems Association Embezzlement

Jun 9, 2016 | Htet Nain Zaw, The Irrawaddy
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A new investigation commission will be formed to look into the Myanmar Gems Traders Association’s financial scandal, involving allegations of more than US$100 million that went missing from their bank account, according to the organization’s chairman. At a press conference at the association’s headquarters on Wednesday, chairman Yone Mu told reporters that the decision to form a new commission to further investigate the unexplained loss was made during a meeting of the gems traders on Tuesday. A previous review was conducted and finalized this week by the Ministry of Natural Resources and Environmental Conservation but complainants still want to know who is to blame.