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Dead Generals, Crony’s Wife Removed From US Blacklist


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Dead Generals, Crony’s Wife Removed From US Blacklist
By THE IRRAWADDY

RANGOON — The US Treasury Department on Thursday lifted sanctions on two deceased former generals and the wife of Burmese tycoon Tay Za, while maintaining his blacklisted status as a Specially Designated National (SDN).

Lt-Gen Soe Win and Lt-Gen Maung Bo, both leaders of Burma’s former military regime, died in 2007 and 2009, respectively, while Thida Zaw is thought to be estranged from her husband Tay Za and was listed by the Treasury Department as residing in Singapore.

Thida Zaw had been placed on the SDN list along with her children thanks to the business dealings of Tay Za, who was himself listed in October 2007. The SDN designation prevents US companies from doing business with Tay Za and a handful of firms to which he is linked.

One of Burma’s wealthiest businessmen, Tay Za has faced US censure for propping up the former junta and facilitating links with North Korea. His Htoo Group of Companies is a major player in Burma’s tourism, logging, real estate and hotel industries.

Read More: http://www.irrawaddy.org/burma/dead-generals-cronys-wife-removed-from-us-blacklist.html

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