Three companies owned by a Myanmar arms dealer with ties to the children of Myanmar junta chief Min Aung Hlaing are being dissolved, according to regime media.
The companies being wound up are Star Sapphire Phoenix Co Ltd, Star Sapphire Dragon Co Ltd, and Royal Mawtaung Mining Co Ltd.
All three are subsidiaries of the Star Sapphire Group of Companies owned by Tun Min Latt, an arms dealer to the Myanmar military regime who was arrested last year in Thailand on charges of drug trafficking and money laundering.
Star Sapphire Group has numerous joint ventures with the country’s two military-owned conglomerates, Myanma Economic Holdings Ltd (MEHL) and Myanmar Economic Corporation (MEC), sources said. It has also brokered imports of Israeli reconnaissance drones and aircraft parts for the Myanmar Air Force.
Tun Min Latt, 53, was arrested along with three Thai nationals in Bangkok in…
