OFSI sanctions listing
MYANMAR ECONOMIC HOLDINGS PUBLIC COMPANY LTD
MYANMAR ECONOMIC HOLDINGS PUBLIC COMPANY LTD is an organisation designated on the HM Treasury — Office of Financial Sanctions Implementation (OFSI) (OFSI) sanctions list under the Global Human Rights programme, listed on 25/03/2021. This page summarises the public designation — known aliases, identifying particulars, the stated reason for listing and linked parties — alongside an independent, transparent risk indicator.
Reason for listing
(UK Sanctions List Ref):GHR0080. Names of Director(s)/Management: Commander-in-Chief Senior General Min Aung; Deputy Commander-in-Chief U Soe Win; Lt General Hsan Oo; Lt General Mya Tun Oo; Admiral Tin Aung San; General Maung Maung Kyaw; Lt General (retired) Nyo Saw; Maj General Khin Maung Than; Maj General Moe Myint Htun; Read Admiral Moe Aung; Lt General Htun Aung; Lt General Min Naung; Lt General Aung Lin Dwe; Big General (Ret) Kyaw Htin; Major Ni Aung; Big General (Ret) Kyaw Myo Win; Maj (Retired) Ming Khine; Colonel Myint Swe; Lt General Aye Win; Ultimate beneficial owner(s): Myanmar senior military leadership, units and battalions. (UK Statement of Reasons):Myanmar Economic Holdings Limited (MEHL) is a major Myanmar conglomerate, owned by the Myanmar military and its current and former personnel. Min Aung Hlaing, Myanmar’s Commander in Chief, is the Chair of MEHL’s ‘patron group’, along with other senior ranking Tatmadaw officers. In 2017, MEHL directly contributed to a series of fundraising events, which provided financial support for the Tatmadaw personnel engaged in “clearance operations” against the Rohingya. There are reasonable grounds to suspect that part or all of these funds contributed to operations that resulted in serious human rights violations, including mass unlawful killings, torture, systematic rape and other forms of targeted sexual violence by the Tatmadaw committed in Rakhine State in 2017. In view of the circumstances including the close connections between MEHL and senior members of the Tatmadaw, there are reasonable grounds to suspect that MEHL knew or had reasonable cause to suspect that the funds would or may contribute to the serious human rights violations committed. Further or alternatively, MEHL is associated with the Commander in Chief and Deputy Commander in Chief of the Tatmadaw in view of their connections to MEHL including their positions on the patron group. (Type of entity):Military Holding Company (Subsidiaries):Adipati Agricultural Produce Trading Ltd. ASHOK (Gems and Jewellery) Co., Ltd. (alternate spelling: Thawka). Aung Thitsa Oo General Insurance Company Limited. Aung Thitsa Oo Life Insurance Company Limited. Bandoola Transportation Company Inc. Berger Paints Manufacturing Limited. Bo Aung Kyaw Terminal. Cancri (Gems and Jewellery) Co., Ltd. (alternate spelling: Phu Sha Star). Da Na Theiddi Kyal (Jewellery) Co., Ltd. (alternate spelling: Da Na Theiddihi Star and Danatheidi Star (Gems and Jewellery) Co., Ltd). Du Won Kyal (Jewellery) Co., Ltd. (alternate spelling: Du Won Star and Du Won Star (Gems & Jewellery) Co., Ltd.). Hawk Star (Gems and Jewellery) Co., Ltd. (alternate spellings: Thine Ngat Kyal (Jewellery) Co., Ltd. and Thein Nget Star). Hlaing Inland Terminal and Logistics Co., Ltd.. Inndagaw Industrial Complex; Kanpauk Oil Palm Estate and Palm Oil Mill Project (KOPP). Kayah State Mineral Production Company Ltd. Kone Yar Thi Star (alternate spelling: Aquarii (Gems & Jewellery) Co., Ltd.. Lann Pyi Marine Company Ltd; Larbathakedi Micro Finance Service Association Inc.. Lyrae (Gems and Jewellery) Co., Ltd. (alternate spelling: Saung Tar Yar Star). Mon Hsu Jewellery Co., Ltd. (alternate spelling: Mine Shu). Myanmar Imperial Jade (Gems & Jewellery) Co., Ltd.. Myanmar Land and Development Ltd. Myanmar Rubber Wood Co., Ltd.. Myanmar Ruby Enterprise (Gems & Jewellery) Co., Ltd.. Myanmar Tharkaung Finance Co., Ltd.. Myawaddy Agricultural Services Col, Ltd. Myawaddy Bank Ltd.. Myawaddy Clean Drinking Water Service. Myawaddy Trading Ltd; Myawaddy Travels and Tours Co., Ltd.. Myawady Football Club. Nawadae Hotel and Tourism Ltd.. Ngwe Pin Lei Livestock Breedings and Fisheries Co., Ltd.. Ngwe Pin Lei Premium Marine Products Co., Ltd.. Ngwe Pinlae Industrial Zone. Pone Nyet (Gems and Jewellery) Co., Ltd. (alternate spelling: Pone Nyat and One Nyat (Jewellery) Co., Ltd.). Pyinmabin Industrial Zone. Sabai (Jewellery) Co., Ltd. (alternate spellings: Sabae (Gems and Jewellery) Co., Ltd., and Jasmine). Seik Ta Ya Kyal (Jewellery) Co., Ltd. (alternate spellings: Si Tra Star, Seik Tra Star and Seiktra Star (Gems and Jewellery) Co., Ltd.). Shwe Gandamar International Trading Ltd. Shwe Innwa Gems (Business Reg No):156387282
Statement of reasons as published by UK OFSI. This is the issuing authority's wording, reproduced for reference.
Designation record
| List / authority | UK OFSI (OFSI) — Global Human Rights |
|---|---|
| Entity type | Organization |
| Programmes / regime | Global Human Rights |
| Date listed | 25/03/2021 |
| Source record ID | ofsi:14080 |
| Last updated (our copy) | 2026-06-04 |
Identity & particulars
| Nationality / country | Myanmar |
|---|---|
| Address(es) | 189/191 Mahaban Doola Road, Corner of 50th Street, Yangon · Myanmar |
Deep-research dossier
Not yet deep-researched
The instant review above is drawn from the public lists. A deep-research dossier goes much further — an analyst-grade OSINT report: associate & co-investment network screening, structural / ownership opacity, a dated risk trajectory, an 8-factor scoring model, and numbered, source-linked evidence. See the format in the design system.
Clarifications & right of reply
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Source & provenance
| Issuing authority | HM Treasury — Office of Financial Sanctions Implementation (OFSI) |
|---|---|
| Source identifier | ofsi:14080 |
| Aggregated by | Sanctiometer (independent) — verify against the issuing authority's official list before acting. |