In upmarket Yankin Tsp in #Yangon #Myanmar sits Golden City complex. Behind veneer of gaudy gold-patterned buildings, there is a bloody fact: it channels $millions to the Army Quartermaster General's office, which buys weapons used to commit #WarCrimes & #CrimesAgainstHumanity 👇🏽 
The buildings in Golden City complex are home to powerful Chinese multinational corporations, incl. CITIC, China Railway Construction Corp, Bank of China, China State Construction Engineering & China International Telecommunication Construction Corporation. 1/
The building hosts a giant “Huawei” sign, celebrating the Golden City’s biggest Chinese tenant. The development boasts 221 luxury apartments, of which 147 are leased to @Huawei 2/
Golden City is built on land controlled by #Myanmar military, which is currently repressing #CivilDisobedienceMovement. Revenues from Golden City should be a national asset & rightfully belong to ppl of Myanmar. But payments for land has never reached national budget 😔 3/
The Golden City development has been built with a 50-year build-operate-transfer contract. It means the buildings are set to be fully owned by the military at the end of this contract, providing a valuable asset and a source for long-term off-budget financing 4/
The cost of constructing Golden City and the lease payments to the military have been raised through the Singapore Stock Exchange (@SGX), creating urgent questions for #Singapore’s stock market and financial regulator. 5/
#Myanmar military is a criminal entity, in breach of int. human rights & int. humanitarian law & the project involves theft of public assets.
So why has @SGX facilitated the financing of these crimes? & what of the checks put in place to raise such substantial funds on SGX? 6/
So why has @SGX facilitated the financing of these crimes? & what of the checks put in place to raise such substantial funds on SGX? 6/
The SGX must act now to stop biz from using the #Singapore stock exchange to raise funds that finances international crimes, incl #WarCrimes & #CrimesAgainstHumanity. ETC must be suspended from trading immediately! More 👉🏽ow.ly/ucpC50DJpSq 7/ #WhatsHappeninglnMyanmar
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