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Investors Spooked by Myanmar Crisis as Economy Braces for Free Fall

Justice for Myanmar targets hotel group

YANGON, 23 April 2021: Justice For Myanmar alleges one of the region’s top hotel companies, Shangri-La Group, has an ongoing business link with Myanmar’s military junta that overthrew the elected government in the 1 February coup. The covert activists campaigning for justice and accountability for the people of Myanmar alleged in a 16 April statement that the hospitality group, listed on the Hong Kong Stock Exchange, leases land from the army’s quartermaster general’s office for its five-star Sule Square complex. TTR Weekly sought clarification from the Shangri-La communications office in Hong Kong on the group’s links to Sule Square. The group acknowledged receipt but at press time had not responded to JFM’s allegations.

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