President Obama at Vendors Fair in Burma
A hotel employee models ruby earrings for President Barack Obama at a vendors fair at the Kempinski Hotel Nay Pyi Taw, Naypyitaw, Burma, Nov. 13, 2014. (Official White House Photo by Pete Souza)
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The valley of Rubies is set to open after 10 years
Treasuries land with lots of mountains and a cold climate with little rainfall during the year, which is located 200 km North of Mandalay is now opened to foreigners. (Read More…)
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မြန်မာ့ကျောက်မျက် အမေရိကန်နှင့် ဥရောမဈေးကွက် ပို့နိုင်တော့မည်
Highlight your best projects with immersive visuals and interactive elements to captivate potential clients.
Display your portfolio with flair using our dynamic design showcase. Streamline communication and project management with our collaborative hub. Keep clients in the loop, share progress updates, and gather feedback effortlessly in one centralized space.
RFA:Former Myanmar Government Officials Accused in Myanmar Gems Fund Embezzlement Scandal
Members of a Myanmar gem association called on authorities on Thursday to investigate the disappearance of roughly U.S.$ 100 million from its funds, including U.S. $1.1 million allegedly taken by former President Thein Sein, said one of the group’s members.
Kyaw Kyaw Oo, an executive member of the Myanmar Gems and Jewelry Entrepreneurs Association, told reporters at a press conference in Yangon that the trade group’s members demanded that the new National League for Democracy (NLD) government take action against the previous administration for its role in the embezzlement scandal.
The fund, opened under the Ministry of Mines during former President Thein Sein’s government, contained about $104 million accumulated from fees paid by entrepreneurs who worked in the extraction industry, according to a Myanmar Times report.
Win Htein, director general of the Department of Mines and chairman of a tribunal investigating the matter, said the value of the fund has dwindled to less than $8 million, the report said.
“First we heard €7 million [U.S. $7.8 million] from the fund was given to the former president,” Kyaw Kyaw Oo said. “So we raised the issue with retired Colonel Win Htein, who is now presiding over an inquiry committee. He said that only €1 million [U.S. $1.1 million] was given to Thein Sein. It’s on a recording.”
Allegations rejected
Also on Thursday, former Minister of Mines Myint Aung, who was appointed by Thein Sein in September 2012, told a press conference in the administrative capital Naypyidaw that the allegations against the former president were false, and the missing money had been properly spent and accounted for.
“Now we can clear up everything,” he told reporters at the conference. “We didn’t have any corruption here. What we had done was decided by the [government’s] Central Executive Committee, not by a single individual, and it was carried out according to working protocol.”
The money collected from 52 million people was distributed to areas in various states and regions that needed development funds, Myint Aung said.
Of the U.S. $7.8 million in question, Thein Sein placed U.S. $1.1 million in the Ministry of Construction’s bank account, he said. The remainder, which was raised separately from businessmen, also remains in the bank.
Myint Aung said he will seek legal action against those who have accused former government ministers and Thein Sein of embezzling funds from the trade association, state-run Global New Light of Myanmar reported.
Some current Central Executive Committee members and gem association members signed a petition urging Shwe Mann, the ousted former parliamentary speaker under the former ruling Union Solidarity and Development Party (USDP), to take up the alleged corruption case in parliament’s Legal Affairs and Special Cases Assessment Commission.
In February, State Counselor Aung San Suu Kyi appointed Shwe Mann, whom she considers an ally, to lead the legal advisory panel.
At a press conference addressing the complaint on May 30, Zaw Myint Pe, a member of the parliamentary commission, recommended that an independent body be created to investigate the matter, the Global New Light of Myanmar report said.
Politically motivated?
In the meantime, the complaint and embezzlement accusations have been submitted to President Htin Kyaw, Aung San Suu Kyi, the Ministry of Home Affairs, Bureau of Special Investigation, Ministry of Mines, Mining and Resource Affairs Committee, and Myanmar’s upper house of parliament, theMyanmar Times report said.
Precious stones are weighed at a gem merchant’s house in Mogok, some 125 miles northeast of Mandalay in central Myanmar, May 25, 2015. Credit: NurPhoto
Politically motivated?
In the meantime, the complaint and embezzlement accusations have been submitted to President Htin Kyaw, Aung San Suu Kyi, the Ministry of Home Affairs, Bureau of Special Investigation, Ministry of Mines, Mining and Resource Affairs Committee, and Myanmar’s upper house of parliament, theMyanmar Times report said.
Precious stones are weighed at a gem merchant’s house in Mogok, some 125 miles northeast of Mandalay in central Myanmar, May 25, 2015. Credit: NurPhoto
Gems lab angles for global recognition
A PRIVATELY owned gems laboratory equipped with the latest technology opened its doors yesterday, but, it will take time for the industry to receive international recognition, insiders say.
Myanmar, Gemological Laboratory will be able to provide a range of reports at a cost of K15,000 to K-150,000 to identify natural or synthetic stones, including treatment and geographic origin, according to its founder U Wai La Win.
“If we can make hundreds or thou- sands of reports matching [the quality of reports by] internationally recognised labs, with local coordination, it will be quicker to get the reputation of local labs recognised in. foreign couniries I ” he said.
U Wai La Win added there are about 10 such labs in the country, but most use somewhat outdated technology compared to his lab.
Leading Myanmar geologist Daw Yin Yin New said she supports the private sector as the government it- self is decentralising.
“By competing with the private sector, processes on the government side become more competitive and qualified. There should be no more monopolising by the government, I think,” she said.
Government gems experts should also work closely with their private i sector counterparts in efforts to re- ceive international recognition- Cur- rently, local stones often must be certified in foreign countries, but this business could be completed locally, she said.
“The government needs to liberalise and decentralise the sector by handing over mining processes to the private sector and simply collecting Lax from them, like Indonesia- This avoids conflict. of interest, though does not fully control all the country’s resources from leaving..” she said. Gems dealers say they welcome efforts to bring international-quality gems appraisal to Yangon.
U Thaung Tun, owner of Yadana Theingi Gems and Jewellery, said when local gems are resold at inter- national exhibitions, they must often be re-appraised to meet their standards.
Gary Nelson, a gems businessper¬son, said that while some of the laboratories here may not be glob¬ally recognised, they have a lot of ex¬perience and understand Myanmar gemstones.
However, laboratories bring a level of objectivity to gem appraisals. They have necessary equipment and can tell the characteristics of stones and how they stack up against inter¬national gems.
“They can identify stones very eas¬ily and very correctly,” he said.
Part of the problem for local gems laboratories is the world was in the dark for so long about the industry in Myanmar, and it was also difficult for Myanmar people to take in interna¬tional best practices.
Mr Nelson said the situation was different for U Wai La Win, as he studied and worked overseas for the Gemological Institute of Amer¬ica, and is bringing that experience back to Myanmar. In the past, most Myanmar labs catered to the local community.
Ideally, locally valued gems with a proper certificate should be accepted internationally, which will help local traders have the confidence to go places like New York or London and present the stone, he said.
SU PHYO WIN
Suphyo1990@gmail.com
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