Tuesday, November 13, 2007

Tay Za: Burma's Fading Business Tycoon?

Source: Irrawaddy News

A close business associate of Tay Za has revealed that the young tycoon, who was recently targeted with fresh US sanctions, is considering retirement and is in debt to the tune of about $US 30 million.

The source also told The Irrawaddy that Tay Za has become the victim of a smear campaign by rival businessmen and government officials loyal to former prime minister Gen Khin Nyunt, who is currently under house arrest.

For the full report, please click here.

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