Michael Kyaw Myint

In the 1990s, Kyaw Myint established Myanmar Kyone Yeom, to launder the UWSA's drug proceeds.^[4] The company was ultimately closed in 1998 by the Myanmar Investment Commission for involvement in money laundering activities.^[2] Kyaw Myint was sentenced to ten years in prison, but he escaped from Mandalay's Obo Prison in 1999.^[3] He successfully sought political asylum in the United States, in exchange for cooperating with the US Drug Enforcement Administration.^[5] In 2002, Kyaw Myint gained political asylum in Canada, and subsequently migrated to Vancouver.^[5]

In January 2009, the U.S. Securities and Exchange Commission halted trading on Future Canada China Environment, which has ties to Kyaw Myint, after its stock market value soared to over $1 billion USD.^[6] In 2011, the British Columbia Securities Commission permanently banned Kyaw Myint from participating in British Columbia's securities markets and fined him for illegal insider trading and perjury, for using insider knowledge to buy shares in Maple Leaf Reforestation, and for lying to investigators.^[7][6]

In 2012, he moved to Kunming, China, exporting goods to Myanmar.^[2] In 2013, Kyaw Myint returned to Myanmar, living in Yangon, where he established the Myanmar Kyaw Investment Group Company.^[5]

In 2007, Kyaw Myint founded the United Democratic Party (UDP) while living in Canada.^[8][9] In 2010, he formally registered UDP under the name "Hla Myint" to contest the 2010 Myanmar general election.^[8][10] On 17 October 2020, the Union Election Commission formally dissolved the party, finding that the party had violated the Political Parties Registration Law.^[11]

On 29 September 2020, he was detained on a fugitive warrant.^[5][8] A government investigation also found that he had breached money laundering laws and financial regulations, after authorities found that at least $12.5 million USD had been illegally transferred from China into his company's bank accounts, and that Kyaw Myint's company had provided illegal loans to individuals.^[5] On 20 October, Kyaw Myint was charged with absconding from prison, under article 224 of the penal code.^[9] On 19 November, he was sentenced to 2 years in prison, pending a potential criminal prosecution for breaching money laundering laws.^[12]

Kyaw Myint is married to Nan Bauk and has four children.^[4][3]