The Union Solidarity and Development Party (USDP), has said it will sue two Burmese weekly newspapers—the Myanmar Herald and the Messenger—along with other individuals, for defaming former President Thein Sein and the USDP in their coverage of the alleged embezzlement of 93 million euros (US$103.9 million) from an account linked to the Myanmar Gems Traders Association.
The military-backed USDP controlled the previous government under President Thein Sein, who still chairs the party, and was delivered a crushing defeat by the National League for Democracy in the November election.
As reported previously by The Irrawaddy, on Thursday 81 members of the gem-trading 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. (Courtesy of irrawaddy.com)
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