Brigadier General Saw Chit-Thu's Company Fails to Remit Export Revenue, Military Council Declares Name Null and Void

The Irrawaddy

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The military council on July 1 declared the names of more than 190 companies, including the company of Brigadier General Saw Chit-thu, Secretary of the Karen Border Guard Force (BGF), for not remitting export revenue.

yktnews.com

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Yangon, July 1 The Central Bank of Myanmar, under the military, has announced that it has blacklisted 197 export/import companies and their directors for not remitting foreign exchange from export proceeds to the Military Council. The Military Council said that the Military Council had pressured export/import companies that had exported goods from 2016 to 2020 to deposit foreign exchange into their banks. However, the companies did not deposit f…