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Myanmar military officially charges Aung San Suu Kyi with corruption

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Myanmar’s military junta has formally charged Aung San Suu Kyi and other officials with corruption after detaining her on Febuary 1st 2021.

This recent charge is one of the most serious of the seven cases against the civilian leader.

“The Anti-Corruption Commission has inspected corruption cases against ex-state counselor Daw Aung San Suu Kyi,”

the regime’s ministry of information posted on its website.

“She was found guilty of committing corruption using her rank.” Senior government officials face a maximum of 15 years in prison if convicted on corruption charges.

According to reports, the Anti-Corruption Commission alleges it found Suu Kyi had illegally accepted $600,000 as well as gold from the former Yangon region chief minister.

The Ministry has accused her of misusing her authority to lease a Yangon property as headquarters of a non-profit charity she founded in 2012. That resulted in the state losing out on 5.2 billion kyat in revenue.

Suu Kyi has been detained since Febuary.

Suu Kyi, who once defended the military’s brutal crackdown on Rohingya minorities at the International Court of Justice, also faces several other criminal charges.

Suu Kyi’s alleged violations are as follows:

  • For breaching the Export and Import Law, which carries a maximum prison sentence of three years.
  • Breaching a section of the Telecommunications Law, up to one year in prison.
  • Breaching the Natural Disaster Management Law, up to three years in prison.
  • Incitement under Section 505 (a) of the penal code, up to 2 years in prison.
  • Breaching the Burma Official Secrets Act, up to 14 years in prison.

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Markets brace for pivotal week following renewed US-China trade talks

Global markets brace for US-China trade talks, earnings, and inflation data impacting investor sentiment and central bank outlook.

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Global markets brace for US-China trade talks, earnings, and inflation data impacting investor sentiment and central bank outlook.


Global markets prepare for a critical week as US–China trade talks, major earnings, and inflation data could shift investor sentiment and central bank expectations.

Kyle Rodda from Capital.com breaks down the key risks and opportunities.

#GlobalMarkets #USChinaTrade #Inflation #EarningsSeason #Investing #FederalReserve #AUD #Tesla #Netflix #MarketUpdate


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Global markets steady ahead of CPI

Global equities stay strong near record highs as investors await US CPI data to assess central bank decisions.

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Global equities stay strong near record highs as investors await US CPI data to assess central bank decisions.


Global equities remain resilient, with Wall Street, Europe, and Asia near record highs as investors eye Friday’s US CPI data to gauge central bank moves.

Market watchers note cautious optimism amid ongoing volatility.

#GlobalMarkets #CPI #WallStreet #Equities #Investing #CentralBanks #RBA #Fed #USMarkets #MarketUpdate


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US sanctions Russia’s top oil giants

US sanctions on Rosneft and Lukoil aim to pressure Moscow amid oil price surges; impact depends on enforcement.

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US sanctions on Rosneft and Lukoil aim to pressure Moscow amid oil price surges; impact depends on enforcement.


The US has imposed new sanctions on Rosneft and Lukoil, aligning with Europe to pressure Moscow amid rising oil prices and global market tensions.

Analysts warn the real impact will hinge on enforcement and international response.

#Russia #USSanctions #Rosneft #Lukoil #OilMarkets #Geopolitics #EnergyCrisis #DonaldTrump #EU #GlobalTrade #Moscow


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