Aik Htun ( ; ; variously spelt Eik Tun, Eike Htun, and Aik Tun) is a Burmese businessman who is the managing director and vice chairman of the sister company of Olympic Construction Company, the Asia Wealth Bank, which was Burma's largest private bank until the banking crisis of 2003. Aik Htun was born on 10 October 1948 in Mongkai in the

Southern Shan States The Shan States were a collection of minor Shan kingdoms called '' möng'' whose rulers bore the title ''saopha'' (''sawbwa''). In British Burma, they were analogous to the princely states of British India. The term "Shan States" was firs ...

Burma Myanmar, officially the Republic of the Union of Myanmar; and also referred to as Burma (the official English name until 1989), is a country in northwest Southeast Asia. It is the largest country by area in Mainland Southeast Asia and ha ...

, the eldest of six children. He moved to Rangoon in 1970 and secured a job as a driver working for Nyunt Tin, a green tea wholesaler and operating the Shan Brothers tea shop. In 1972, he bought a biscuit shop on 16th Street and had expanded into the border business by 1984. Aik Htun established Olympic Company in 1991 with 3 other investors. The company now has interests in automobiles, marine products, timber, real estate, property development and finance. Aik Htun also runs one of the country's largest construction businesses, the Olympic Construction Company, established in 1990 and primarily focuses on residential and hotel development in

Yangon Yangon, formerly romanized as Rangoon, is the capital of the Yangon Region and the largest city of Myanmar. Yangon was the List of capitals of Myanmar, capital of Myanmar until 2005 and served as such until 2006, when the State Peace and Dev ...

. He and his immediate family members are subject to European Union sanctions, from benefiting from close ties to the previous junta, the

State Peace and Development Council The State Peace and Development Council ( ; abbreviated SPDC or , ) was the official name of the Military dictatorship, military government of Burma (Myanmar) which, in 1997, succeeded the State Law and Order Restoration Council (; abbrevi ...

. Olympic Construction company is renamed as Shwe Taung Group in 2004 after the money laundering accusation and drug links by the US department of Treasury against the affiliate Asia Wealth Bank. As of 2013 from now on, Aik Htun remain as the chairman of business group Shwe Taung group of companies that also include Shwe Taung construction co.ltd. The US Secretary of Treasury also designated Asia Wealth Bank as financial institutions of primary money laundering concern and the department report notes that the Asia Wealth bank have been linked to narcotics trafficking organizations in Southeast Asia. This findings by the US treasury is only rescinded the against the bank as the results of the revocation of the bank licenses by the government of Myanmar, not because of remedial actions by the bank.

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{{DEFAULTSORT:Aik Htun Burmese people of Chinese descent People from Shan State Burmese businesspeople Living people 1948 births

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