At one time, the Myanmar Gems Traders Association had €93 million (US$103.9 million) in its bank account. But, now, all that money is gone, and the scandal over where it went is poised to embroil former President Thein Sein.
On Thursday, 81 members of the Myanmar Gems Traders Association held a press conference in Rangoon, calling on the Ministry of Resources and Environmental Conservation and the managing director of the state-run Myanmar Gems Enterprise to address the so-far unexplained loss of €93 million from the association’s coffers.
Kyaw Kyaw Oo, central executive committee member of Myanmar Gems Traders Association, told reporters that they have been awaiting the conclusions of the state-run Myanmar Gems Enterprise’s investigation team, which began looking into the affair in late May. (Courtesy of irrawaddy.com)
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