SINGAPORE: A prominent Singapore businessman has said he will exit his investment in a tobacco firm linked to the Myanmar military, after the army deposed the country’s democratically elected government in a coup last week.
“Recent events there cause me grave concern,” Lim said in the emailed statement, which followed an online petition calling on him to cut his exposure. MEHL’s scores of subsidiaries span a range of industries from ruby and jade mining to tourism and banking, and the conglomerate is owned and influenced by senior military leaders including commander-in-chief Min Aung Hlaing, according to the UN report.