Aung Pyae Sone is a Burmese business tycoon who owns a number of major companies, including Sky One Construction Company and Aung Myint Mo Min Insurance Company.
He is also reportedly the biggest shareholder in national telecoms carrier
Mytel.
He is the son of Senior General
Min Aung Hlaing, the current leader of Myanmar, concurrently serving as
Chairman of the State Administrative Council and
Commander-in-Chief of the
Myanmar Armed Forces.
Aung Pyae Some was born 24 June 1984 in Burma (now Myanmar). In 2013, Aung Pyae Sone won a
no-bid government permit well below market rates, for a 30 year lease on land at the Yangon
People's Park for a high-end restaurant and art gallery, following his father's promotion to Commander-in-Chief. Aung Pyae Sone also runs ''A&M Mahar'', which offers
Food and Drug Administration (FDA) approvals and customs clearance services for drugs and medical devices.
Myanmar's customs department is led by Kyaw Htin, a former MEHL director.
Aung Pyae Sone was awarded an artificially low land lease from the Yangon Regional government and serves alcohol in breach of a
Yangon City Development Committee prohibition. He also owns the
Kan Tharyar Hospital
Kan or KAN may refer to:
Places
* Kan (river), a tributary of the Yenisey in Russia
* Kan District of Iran
* Kan, Kyrgyzstan, a village in Batken Region
* Mallam Aminu Kano International Airport, Kano, Nigeria, IATA code
* Kannapolis (Amtrak s ...
and Azura Beach Resort, which promotes itself as the largest resort in
Chaungtha.
In 2019,
United Nations fact-finding mission
A United Nations fact-finding mission, also called a United Nations commission of inquiry, is a United Nations mission carried out with the intention to discover facts. They are often sent to troubled areas. Fact-finding missions have been sent ...
s called for action against companies owned by Aung Pyae Sone.
The
U.S. Department of the Treasury
The Department of the Treasury (USDT) is the national treasury and finance department of the federal government of the United States, where it serves as an executive department. The department oversees the Bureau of Engraving and Printing and th ...
has imposed
sanctions
A sanction may be either a permission or a restriction, depending upon context, as the word is an auto-antonym.
Examples of sanctions include:
Government and law
* Sanctions (law), penalties imposed by courts
* Economic sanctions, typically a b ...
on him and his younger sister
Khin Thiri Thet Mon since 10 March 2021, pursuant to Executive Order 14014, in response to the
Burmese military's coup against the democratically elected
civilian government of Myanmar. The sanctions include
freezing of assets
Asset freezing is a form of interim or interlocutory injunction which prevents a defendant to an action from dealing with or dissipating its assets so as to frustrate a potential judgment. It is widely recognised in other common law jurisdictions ...
under the US and a ban on transactions with
US persons. He became a major target of a domestic boycott and social punishment by people who oppose the military regime.
References
{{DEFAULTSORT:Aung Pyae Sone
Burmese businesspeople
Living people
1984 births