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Eight civil society organisations have sent a letter to 101 corporate investors holding shares in Tokyo Tatemono Co., Ltd. or Daiwa House Industry Co., Ltd voicing concern over land lease payments made by the two companies being a source of funding for the Myanmar military, through the Y Complex project, says Justice For Myanmar in a press release.
TOKYO 16 July 2021: Japanese business entities should stop participation in a commercial real estate project involving Myanmar’s military junta, Human Rights Now, Human Rights Watch, Japan International Volunteer Center, Justice For Myanmar, and Mekong Watch stated in a joint release on Thursday.
They are targeting Yangon’s Y-Complex, where a 399-room Okura Prestige Yangon is due to open in 2022.
Justice for Myanmar alleges that foreign investment is involved in the construction and management of the Y-Complex project that funds land lease fees to the country’s armed forces known as the ‘Tatmadaw’.
One participating company, Tokyo Tatemono, stated that they
Human rights groups call to stop Myanmar real estate project on military-owned land jurist.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jurist.org Daily Mail and Mail on Sunday newspapers.