Local news

Junta-linked Myanmar tycoon under initial 12-day detention


A MYANMAR tycoon linked to the upper echelons of his country’s ruling military junta and facing drug trafficking and money laundering charges in Thailand was ordered by court to an initial 12-day detention on Sept. 20, Matichon newspaper said today (Sept. 23).

Tun Min Latt, 53, was arrested in Bangkok in a dawn raid last week after which three Thais, a 38-year-old man and two women aged 44 and 50 respectively, were also similarly arrested and detained. 

Three sources with knowledge of the matter told Reuters that Tun Min Latt, who has business interests in hotels, energy and mining, is a close associate of Myanmar junta leader Min Aung Hlaing and has procured supplies for the military.

Pol. Col. Krisana Pattanacharoen, deputy police spokesperson, said Tun Min Latt was arrested at a condominium on the 41st floor of a residential complex on Rama 9 road where he owned altogether three units worth 30 million baht on Sept. 17.

This was followed by the arrest of the three Thai suspects in Chiang Rai province.

Police moved to arrest the four suspects after investigation of four to five drug cases revealed a money trail to the Myanmar tycoon.

Investigation also showed that proceeds from the drug trade were laundered with some of it used to pay electricity bills of various companies in the network totalling 135 million baht.

Several agencies were involved in the arrest of Tun Min Latt including the Metropolitan Police, the Narcotics Suppression Bureau, the Office of the Narcotics Control Board and the Anti-Money Laundering Office.


Tun Min Latt, left, and Thai police logo, right. Photo: Matichon

Also read: Thailand arrests Myanmar military-linked businessman suspected of drug trafficking

 Ye Mon’s nightmare: ‘I reported on the military’s abuses, and then I became a victim’

Myanmar executes four democracy activists, drawing condemnation and outrage

Myanmar junta expels top UK diplomat for refusing to present credentials

Aung San Suu Kyi moved to solitary confinement in prison, says junta spokesman

Over a million meth pills seized at parcel delivery office

Drugs hidden in snack bags heading for South Korea seized

3 drug runners arrested on Mekong river bank


Leave a Reply