Yoma Strategic Holdings disputes allegations of money laundering in Myanmar

The company said they were not contacted for clarifications.

Yoma Strategic Holdings Ltd. calls out The Irrawaddy for its published article which alleged that the company's chairman, Serge Pun, is facing charges of money laundering and other financial crimes in Myanmar.

The company said they were not contacted for clarifications and that the article contained misleading allegations. 

The article, titled "Myanmar Junta Charges Tycoon Serge Pun With Money Laundering Other Financial Crimes”, referred to businesses related to its Star City real estate project.

“The company categorically denies that criminal proceeds from online scam centres have been used to fund the expansion of StarCity,” Yoma Strategic Holdings said.

“The company emphasises that there are no investigations by the Myanmar authorities involving Yoma Holdings Ltd., its directors, executive officers, employees, or the group’s businesses,” it added.