Tracking the Tycoons
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Tracking the Tycoons


By THE IRRAWADDY SEPTEMBER, 2008 - VOLUME 16 NO.9


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(Page 7 of 7)

Rumor has it that he usually pays respect to the paramount leader by always sitting on the floor and addressing him with royal titles.


Tin Win
Tin Win Tun Company

The managing director of Tin Win Tun Company is heavily involved in teak plantations and in the hotel industry. The company is ranked as the second largest timber enterprise in Burma and is a major exporter of teak and other rare hardwoods. Tin Win was closely associated with the late Prime Minister Gen Soe Win.


Maung Weik
Maung Weik & Family Company

Maung Weik
(Illustration Harn Lay/The Irrawaddy)
Maung Weik founded the Maung Weik & Family Company a decade ago as the biggest importer of steel and gilding glue for use in the building and maintenance of pagodas.

He stirred up controversy in 2004 with the purchase of the 44-acre Rangoon Hlaing Campus, formerly known as Regional College No. 2. The purchase was reportedly approved by then Prime Minister Gen Khin Nyunt.

He still has strong connections within senior army officers, but his future doesn’t look bright. He was recently arrested and charged with drug abuse and importing ecstasy and ketamine. He reportedly catered to wealthy young people, notably the sons of the generals. According to the semi-official Myanmar Times, he has engaged in drug trafficking from Malaysia to Burma since 2003.

Maung Weik and his young followers often threw lavish parties attended by celebrities and models, who also allegedly purchased drugs from him. As an extra service, he reportedly provided high-end prostitutes and celebrity girls to military officers.

Written by Aung Zaw. Min Lwin, Wai Moe and Ko Htwe contributed to this report.



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