US-blacklisted Myanmar tycoon buys Singapore’s company Aussino group

[makapaaa]

US-blacklisted Myanmar tycoon buys Singapore’s company Aussino group

Posted by temasektimes on September 21, 2012
Singapore is fast becoming a haven for the super rich around the world – so long you have money, it will welcome you with open arms, regardless of the source.
Prominent Myanmar tycoon Zaw Zaw, who is the on the blacklist of the United States and Europe will be launching a S$70 million reverse takeover of Singapore bed linen maker Aussino Group.
In an interview with Reuters, Zaw Zaw claimed that the transaction was moving forward and he expects Singapore regulators to complete a review of his books in three to six months.
One of the most powerful businessman in Myanmar, Zaw Zaw, whose holdings range from timber, gems and rubber plantations to construction, luxury resorts, petrol stations and banking, was blacklisted under target sanctions by the U.S. Treasury Department three years ago due to his past friendship with former dictator Than Shwe which makes him a ‘regime crony.’
Besides Zaw Zaw, other Myanmar tycoons who have close financial ties with Singapore includes former drug lord Lo Hsing Han.

 

[Cruxx]

Keep your mouths shut and enjoy your iphones and ferraris. Or would you prefer Singapore to go back to the fishing village?

 

[Kinana]

We should welcome these investors. They did not violate our laws. What problems they have with the US has nothing to do with us.

 

[myo539]

We should welcome these investors. They did not violate our laws. What problems they have with the US has nothing to do with us.

It shows that when you talk about "freedom", Singapore has more freedom than the US - in business aspects.

USA bans this and bans that, but when it comes to something that can inflame people in some parts of the world, they refuse to ban.

 

[oppoibchief]

We should welcome these investors. They did not violate our laws. What problems they have with the US has nothing to do with us.

your mother and sister are pretty.

 

[Kinana]

It shows that when you talk about "freedom", Singapore has more freedom than the US - in business aspects.

USA bans this and bans that, but when it comes to something that can inflame people in some parts of the world, they refuse to ban.

They have their laws, we have our laws.

 

[winnipegjets]

The PAP harboured Indonesians crooks, now Myanmar crooks. And Sinkapore wants to be respected by its neighbours?

 

[Kinana]

We don't need them to respect us, they only need to fear us.

 

[kiss]

We don't need them to respect us, they only need to fear us.

Dont talk thru yr arse

 

[Kinana]

Dont talk thru yr arse

all their leaders n generals can be bought. Only Singapore is clean. Thats why we are so strong.

 

[drifter]

We don't need them to respect us, they only need to fear us.

You mean like your cult ?

 

[laksaboy]

The PAP harboured Indonesians crooks, now Myanmar crooks.

Don't forget North Korea and Zimbabwe.

 

[halsey02]

They have their laws, we have our laws.

We are not talking about laws...we are talking about moral values...Money blinds all, just bring in the money, never mind how they make the money; even from the blood of many who had died...just bring in the money...we have our laws, they have theirs..any fool know this! unless you are a twit!

 

[Kinana]

We are not talking about laws...we are talking about moral values...Money blinds all, just bring in the money, never mind how they make the money; even from the blood of many who had died...just bring in the money...we have our laws, they have theirs..any fool know this! unless you are a twit!

We believe innocent until proven guilty, we want fair trial. That's our principle