Myanmar Military Seizes Bank Accounts Of George Soros' Open Society Foundations For Funding Unrest

Myanmar Military Seizes Bank Accounts Of George Soros’ Open Society Foundations For Funding Unrest

HAF

The Myanmar military regime has seized the bank accounts of billionaire George Soros’ Open Society Foundation (OSF) for fomenting unrest in the country by funding massive protests. An arrest warrant had been issued for 11 OSF members on suspicion of funding protests against the military junta.

The Myanmar military is also planning to take legal action against billionaire George Soros’ OSF. Massive protests have been funded by OSF and local authorities are also planning to arrest other employees of OSF. An official from OSF, Phyu Pa Pa Thaw, has already been detained by local authorities.

The Military also took control of illegal flow of money to OSF and controlled assets of OSF bank accounts at SMED and Co-operative Bank (CB), Ayeyarwady Bank (AYA) and Kanbawza Bank (KBZ).

The military-controlled MRTV made an announcement on Monday. An arrest warrant had been issued for 11 OSF members on suspicion of funding protests against the military junta. These arrests would be on suspension of controversial NGO passed funds to opponents of a Feb. 1 coup.

The IMF sent $350 million in cash to the Myanmar government just days before the military coup as part of an emergency aid package to help the country tackle the COVID-19 pandemic.

The money was sent days before Myanmar’s State Counsellor Aung San Suu Kyi and other senior figures from the governing National League for Democracy were arrested in an early morning raid on Monday in the capital Naypyitaw.

The OSF is also accused of withdrawing $1.4 million illegally. This money was withdrawn from organization’s account at SMED 7 days after military takeover in Mynmar.

The military said “it would take legal action against SMED for allowing OSF to deposit $5 million and withdraw $1.4 million without obtaining approval from the CBM.”

OSF has refuted the allegations.

“Claims of financial misconduct, including that OSM acted illegally by withdrawing their own funds in local currency from the SMID bank, are false,” Open Society Foundations said.