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Presidential advisor responds to Chinese report about money laundering

DagonKhan
in Myanmar General Chat

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Presidential advisor responds to Chinese report about money laundering
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A loaded truck with industrial goods passes from China to Myanmar at the Kyegaung border gate, in Ruili, Yunnan province, China. EPA/NYEIN CHAN NAING

Huge sums of foreign cash entering Myanmar illegally could have a detrimental effect on the economy, presidential advisor Dr Aung Tun Thet told Mizzima on August 27.

Dr Aung Tun Thet, a presidential advisor in the economy, was responding to a report in the China Securities Journal that said about CNY200 billion (about K31.7 trillion or US$32.5 billion) was flowing into Myanmar from China every year.

Continues here:- http://www.mizzima.com/business/economy/item/12320-presidential-advisor-responds-to-chinese-report-about-money-laundering

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