YANGON: An embezzlement probe has been launched after nearly $100 million vanished from a fund set up by Myanmar's gem companies, a trade body said Thursday, raising corruption fears in an industry notorious for its shady dealings.

Mining -- especially for jade -- was firmly in the hands of the military and their 'crony' elites during the final years of junta rule, but remains cloaked in secrecy despite reforms under a quasi-civilian government that came to power in 2011.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details