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Former American businessman detained in Myanmar after alleged financial misconduct

AmCham said a law firm is reviewing suspect transactions after a former board member allegedly received $300,000 through channels outside the chamber's accounts.

  • On Thursday, Myanmar authorities detained American businessman Adam Castillo at a Yangon airport upon his return from an international book tour, according to sources close to the case.
  • Castillo recently published *Finding Our Voice*, a memoir detailing his 2021 coup experiences, where he criticized United States sanctions policy as ineffective and advocated for increased business engagement.
  • On Friday, a court remanded Castillo in custody for two weeks, alleging breach of trust regarding property—a crime punishable by up to a decade in prison.
  • The State Department confirmed awareness of the detention but cited privacy concerns, while the military-backed government did not respond to requests for comment.
  • Since the 2021 coup, Myanmar has endured civil war and military-run elections, with coup leader Min Aung Hlaing sworn in as president this year in a transition democracy watchdogs dismissed as military rebranding.
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Associated Press NewsAssociated Press News
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Former American businessman detained in Myanmar after alleged financial misconduct

The former president of the American Chamber of Commerce in Myanmar has been detained in Yangon. The organization has investigated suspicious financial transactions by ex-board members.

·New York, United States
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The Straits Times broke the news in Singapore on Friday, June 12, 2026.
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