Than Shwe Acquires State Properties
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Monday, March 04, 2024

Than Shwe Acquires State Properties

By YAN PAI Monday, April 4, 2011

Snr-Gen Than Shwe and his family members at Uppatasanti Pogoda in Naypyidaw on March 8,2009 (Photo:MNA)

Burma's State Peace and Development Council (SPDC), the military junta that ruled the country since September 1988 under different names, reportedly transferred ownership of over 1,000 acres of rubber plantations, jade mines and gold mines to junta chief Snr-Gen Than Shwe and his family, according to business sources in Rangoon.

The rubber plantations are located in the areas controlled by the Burmese army's Southeast Region Command and Coastal Region Command, and the jade and gold mining sites are in the country's northern Kachin State.

A businessman close to the regime told The Irrawaddy that the transfer had to be completed before the SPDC was dissolved on March 30 and the new government lead by former prime minister Thein Sein was sworn in. He said the rubber plantations were placed in Than Shwe's name and the jade and gold mines, which were under care of the regime's Ministry of Mines, were transferred to his daughters.

A source from the regime's Ministry of Finance and Revenue (MFR) said the ownership of certain premises in Rangoon, Naypyidaw and Maymyo, as well as over 30 vehicles, were put in the names of Than Shwe's children and grandchildren. The transfer of those premises and cars, which were provided to the junta leader by the SPDC, was done without paying any tax to the state, the source said.

The MFR source also said Nay Shwe Thway Aung, Than Shwe's most beloved grandson, has acquired many major properties in Rangoon. One of the properties he has taken over, located on Kabaraye Pagoda Road, used to belong to the Ministry of Industry 1. Others belonged to the Ministry of Science and Technology, the Department of Atomic Energy and the Ministry of Industry 2 located in Yankin Township. He has taken over the land of the duty-free market in Yankin as well, the source said.

Since late 2009, with a pretext of privatization, the SPDC transferred the ownership of state-owned ministry buildings and enterprises in Rangoon and Mandalay to private companies run by leading military figures or regime cronies. Most of the transferred businesses were reportedly acquired by private companies such as Asia World, Max Myanmar, Htoo and IGE.

In addition to the dissolution of the SPDC, Than Shwe handed over his position as the Commander-in-Chief of the Armed Forces to Gen Min Aung Hlaing.

Than Shwe's future role under the new government is not known, but military sources in Naypyidaw said he heads the soon-to-be officially formed State Supreme Council, the highest decision making body in the country that will directly control the armed forces.

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Yangontha Wrote:
Than Shwe never believes that "enough is enough", especially for stealing from the State Properties, for he believes that he owns the Burmese people and the Country of Burma.


khar Wrote:
Thein Sein was born to become Than Shwe's lead dogs and all burmese soldiers are born to become Than Shwe's dogs.....

Moe Aung Wrote:
Why would Than Shwe stop at anything short of actually crowning himself under the royal white umbrellas?

He lives in a palace at Naypyidaw, he owns the land called Myanmar and all the treasures in it, he rules over his subjects as a malevolent despot, his word is law, he has built a pagoda or two, and soon we'll have a wonderful funeral pyre. He might even want to take his family and his wealth to the netherworld with him. The least we can do is oblige.

luusoelay Wrote:
some steal from shops, some steals from banks, but ONE steals from country.

George Than Setkyar Heine Wrote:
This is no less a case than ROBBERY with ARMS and ANOTHER EVIDENCE to NAIL Than Shwe at the International Criminal Court, in case he makes it there of course.
If NOT then Than Shwe will follow in the footsteps of his late DADDY NE WIN trust me.
This guy will EAT as MUCH as he COULD until to his dying day like that Brahmin SU-SA-KAR who ate until he died on the spot.
Anyway, EATING TOO MUCH will certainly RESULT in VOMITING no less lest Than Shwe and his family amongst others in Naypyidaw forget.

Yangontha Wrote:
Steal! Steal!! whatever ugly Than Shwe wants to steal for himself and for his uglier family in a land of Burma while he is half-alive, however, he and his greedy family will have to pay their prices ONE DAY to the country.

yebaw Wrote:
When Ne Win started rule Burma in 1962, he nationalized the country to make Rich Government and Poor People. Since then Burmese people have become poorer and poorer and he ruled the country until he transferred the power to Saw Maung and Than Shwe. The present ruler Than Shwe doesn't like Ne Win personally, but he always follows Ne Win's steps to rule our country longer than Ne Win did. There is no different between Ne Win and Than Shwe.

Mualcin Wrote:
This will prove that Than Shwe is a criminal in the court one day soon.

Kerry Wrote:
Everything will be accountable, after inevitable freedom, including all lost lives, as it was after WW2 in Germany, and the family and public generations to come will revile their names.

Meanwhile they would be wise to release all political prisoners, especially those who have been (or are being) mistreated or denied medical care, and ensure there are no more names to add to the lists.

Oo Maung gyi Wrote:
How can have two Head of State? World will laugh by looking Burma administration. There can be State Supreme Council as per constitution which does not allow to from, if it is constitute by even parliament it is illegal. No body can be above constitution, until and unless Than Shwe has to declare himself that he is a new king of Burma. Now too late since he does not declare himself as a new king of Burma, he legitimacy is no more to act like a supremo of the Country because ex - general Thein Sein is already elected as President of Burma from Ad-hoc parliament. Any way Thein Sein is the only president now in Burma whether internally Thein Sein need permission from Than Shwe is their internal matter which is illegal.

Terry Evans Wrote:
The name of "reform" simply covers what is latently a process of the theft of national assets.

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