Inteltrends: Burma Report 17-AUG-2010
Compiled by Inteltrends.
Junta Buys DKBA Allegiance
Irrawaddy, 17 Aug 2010
A delegation from the faction of the Democratic Karen Buddhist Army (DKBA) led by Col. Chit Thu visited Naypyidaw in early August for 10 days to agree terms for the Border Guard Force (BGF) proposal, according to Karen sources in Pa-an District in Karen State. Chit Thu was accompanied by Maj. Hsan Lin and Maung Win, according to Aung Maung Aye, the Pa-an District chairman of the Karen National Union (KNU). The DKBA delegation was reportedly paid 500 million kyat (US$500,000) in cash by the Burmese authorities to accept the BGF proposal, said Aung Maung Aye.
Barclays fined for breaking U.S. sanctions
DVB, 17 Aug 2010
British banking giant Barclays has paid out US$298 million to settle charges of hiding transactions with banks from U.S. sanctions-listed countries, including Burma… “Barclays violated both U.S. and New York state criminal laws by knowingly and wilfully moving or permitting to be moved hundreds of millions of dollars through the U.S. financial system on behalf of banks from Cuba, Iran, Libya, Sudan and Myanmar [Burma],” according to court documents seen by Reuters.
Burma to Lease Over 100,000 Acres of Arakanese Land to Vietnam
Narinjara, 17 Aug 2010
The Burmese military government is now preparing to least 129,000 acres of land in Arakan State to Vietnam for rubber cultivation, according to a report of local journal Hot News published on 13 August, 2010. The report stated that the Burmese military authority has already agreed to lease the land to a Vietnamese company, but did not mention the name of the company.
U.S. probes Transocean over ties to Burmese drug lords
Mizzima, 16 Aug 2010
U.S.-Swiss drilling company Transocean has admitted it is under investigation by the U.S. Treasury over its “operations in Myanmar [Burma]”. The probe comes amid intense public scrutiny since its rig blew up in the Gulf of Mexico.
Junta designed poll date ‘to keep Suu Kyi at bay’
Mizzima, 14 Aug 2010
The Burmese junta’s choice of November 7 for its elections is designed to marginalise Aung San Suu Kyi and denotes a deliberate attack against the opposition; her National League for Democracy party, Western governments and international rights groups said yesterday.
IntelTrends’ Burma Report is published Tuesdays and Fridays.