The United Amara Bank (UAB) has filed a lawsuit against two local Facebook pages under section 66(D) of the Telecommunications Law for spreading rumours that the bank will suspend money withdrawals as it struggles to maintain its situation after an organisation withdrew Ks 7 billion.
Thein Lwin, CEO of the UAB, in which Nay Aung, the son of former Union Minister Aung Thaung, holds a 90 per cent stake, said yesterday that if the authorities fail to arrest the offenders, the country's rule of law would be called into question.
The case was opened against a Facebook page titled ‘The Standard Time Daily’ and another one called ‘Myanmar News Update’ at the Bahan Township Police Station on Monday. (Courtesy of elevenmyanmar.com)
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