Smart sanctions target Myanmar tycoon

Asia Times Online
21st Feb 2008
Brian McCartan

"According to opposition groups, Tay Za reportedly maintains most of his wealth in Singapore bank accounts. He is known to own several luxury apartments in the city-state, where his sons, Pye Phyo Za and Htet Tay Za, both live and attend elite private schools. Htet Tay Za attends the United World College of South East Asia, one of Singapore's most expensive.

The 19-year-old Htet Tay Za caused a stir in the aftermath of last year's pro-democracy protests in Myanmar and the brutal crackdown that ensued when an e-mail attributed to him and reviewed by Asia Times Online announced, "US bans us, we're still fucking cool in Singapore. We're sitting on the whole Burma GDP. We've got timber, gems and gas to be sold to other countries like Singapore, China, India and Russia."

The eldest of Tay Za’s privileged sons is apparently "rocking" in his "red brand-new Lamborghini with hot sexy Western chicks" while the younger one needs "another Ferrari to rock on", according to the e-mail, which has been posted widely on blogs and referred to in exile media reports. Tay Za himself lives in a large neo-classical mansion in the old capital of Yangon on the corner of Inya Road and University Avenue, where he parks his Bentley, Ferrari, Mercedes and Lexus, all of which he has had shipped in from Singapore. "

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