Mizzima

Justice For Myanmar has urged Thai authorities to block a controversial investment linked to arms broker Kyaw Min Oo, warning that the deal risks funnelling profits from war crimes into Thailand’s financial system.

On 27 April, shareholders of Advanced Connection Corporation (ACC) approved a 300‑million‑baht (£6.5m) private placement with 87% support, despite concerns raised by regulators and financial advisers. The investment would give two Singapore‑based firms, Sky Avia Trading and Heli Asia Trading, a combined 23% stake in ACC through newly created Thai subsidiaries.

Both companies are part of the Sky Aviator network, controlled by Kyaw Min Oo, whose business supplies parts for Russian combat aircraft used by Myanmar’s military in airstrikes against civilians. Rights groups say these attacks have targeted schools, monasteries and hospitals, forming part of a campaign of terror since the 2021 coup.

Justice For Myanmar claims the deal amounts to money laundering and has called on Thailand’s Securities and Exchange Commission and Anti‑Money Laundering Office to intervene. “Kyaw Min Oo’s sole business is in death and destruction,” said spokesperson Yadanar Maung, accusing ACC of enabling the junta’s crimes.

The watchdog argues that uneven sanctions have allowed the Sky Aviator network to exploit loopholes and expand into Thailand. It is urging Western governments to impose coordinated measures against the companies and individuals involved.

ACC’s management has pressed ahead despite warnings from its financial adviser and scrutiny from regulators. With shareholders unwilling to block the deal, campaigners say the responsibility now lies with Thai authorities to prevent the arms broker network from becoming ACC’s largest shareholder.

The controversy highlights the challenges of enforcing sanctions across borders and the risks of regional markets being used to legitimise businesses tied to Myanmar’s military. For rights groups, the case is a test of Thailand’s willingness to act against networks accused of profiting from war crimes.

-2026-05-03

Only thing that matter for somebody is to have profit.

Who cares how?!