Military personnel take part in a parade on Armed Forces Day in Naypyitaw on March 27, 2021.
11:44 JST, July 1, 2024
Bangkok (Jiji Press) – Myanmar’s military regime said Sunday it has arrested several people, including Japanese businessman Hiroshi Kasamatsu, for alleged violations of the law related to the sale of rice.
The military regime said Kasamatsu and local supermarket officials allegedly sold rice at prices higher than levels set by authorities.
Kasamatsu is an executive at Aeon Orange Co., a supermarket joint venture founded in 2016 by Japanese retailer Aeon Co. and a company from Myanmar.
In Myanmar, rice prices have soared due to economic turmoil since a military coup in 2021. Myanmar’s military has strengthened control over rice prices by cracking down on illegal practices.
