Reuters, 10 Sep 2009
BANGKOK, Sept 10 (Reuters) - Myanmar's military has transferred billions of dollars from a gas project into two banks operating in Singapore, contributing to "high-level corruption", a U.S.-based environmental group said on Thursday.
A report by non-profit Earth Rights International (ERI) said the junta had transferred $4.83 billion since 2000 from a gas pipeline, money that was kept off the national budget and stored in the banks operating in the city-state.
The two banks and the Singaporean government were informed of the group's findings last week, ERI said. All had yet to respond.
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Related:
Report: Pipeline pumps billions in Myanmar government's pockets - Monsters and Critics
Group says Myanmar hid billions in gas revenues - Newsday.com
Group says Myanmar hid billions in gas revenues - eTaiwan News
Total rejects accusation it props up Myanmar regime - AFP
Gas firms 'prop up Burma's junta' - BBC News
