Justice For Myanmar Welcomes Kirin Holdings’ Suspension of Dividends from Their Myanmar Military Joint Ventures

Nov. 11, 2020, Myanmar: Kirin Holdings today announces suspension of dividends from their Myanmar military joint ventures due to “lack of visibility” regarding the future business environment. Kirin must ensure that profits and assets go to the people of Myanmar via the civilian government, under a democratic process. Following pressure from civil society for Kirin to end their business with the Myanmar military, Kirin ordered Deloitte to investigate their two Myanmar beer ventures operated with military-owned conglomerate Myanma Economic Holdings Limited (MEHL). Deloitte and Kirin must be transparent and make all findings public.

Justice For Myanmar calls on all businesses to cut ties with the Myanmar military. The military continues to profit from assets stolen from the people of Myanmar. Businesses like Myanmar Brewery finance war crimes and crimes against humanity and enrich generals. Wealth acquired through decades of corrupt military rule must be returned to the public. These steps are an essential part of creating a federal democracy where the human rights of all people in Myanmar are protected and there is sustainable peace. The Myanmar military cartel must be dismantled.

Note to editors

Justice For Myanmar, a group of covert activists campaigning for justice and accountability for the people of Myanmar, is calling for an end to military business and for federal democracy and a sustainable peace.

For details on how MEHL dividends are distributed throughout the Myanmar military, see Amnesty International report “Military LTD”, which used MEHL data shared by Justice For Myanmar. See the source data on the Justice For Myanmar website here.

See Kirin’s announcement here: https://www.kirinholdings.co.jp/english/news/2020/1111_02.html

ENDS

For more information please contact:

Yadanar Maung

Email: [email protected]

Website: https://www.justiceformyanmar.org/

Mirror: https://justiceformyanmar.github.io/justiceformyanmar.org/

Twitter: @justicemyanmar

Facebook: https://www.facebook.com/justiceformyanmar.org/


Download PDF in English and Burmese.

Related Posts:

Send this to a friend