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Burmese Govt Warns Public about Dodgy Investments

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Certain domestic companies with foreign ties have been advertising
themselves to the public as investment banks, however they do not have
licenses to operate and therefore their activities are illegal,
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the companies he was referring to, but said that they had been guilty
of advertising via the media and the Internet to act as investment
banks and had falsely claimed that they had government permission to
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in the media and stating that they have already obtained permits to
conduct investment banking [in Burma],” he said. “There have also been
reports that those companies have been sending out emails inviting the
public to invest through them.

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continued. “They promise substantial interest and dividends to those
who invest with them. Many people do. Then, the firms take all the
money and run away.”
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Thet Htun Oo, the senior manager at Myanmar Securities Exchange Centre,
suggested that people should invest money or buy shares only after they
have made proper inquiries, and be especially vigilant as to the
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to Expand
* [31]Burma Still an ‘Extreme Risk’ for Investors Despite Reforms
Burma Still an ‘Extreme Risk’ for Investors Despite Reforms

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2 Responses to Burmese Govt Warns Public about Dodgy Investments

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