MYANMAR – The National Unity Government (NUG) issued a statement on November 17, warning not to participate in the junta council’s plan to sell or lease State properties and that those who do not comply will have those properties confiscated.
The NUG Ministry of Planning, Finance and Investment issued this warning as the subordinate organisations of the junta council including the privatisation commission are arranging to sell, lease or deal in other manners the State owned properties such as departmental properties, land, building, copyrights and trademarks and cooperative owned properties.
The statement described the junta council as an illegitimate terrorist organisation that has forcibly seized power from the people that will soon be eradicated, adding that it does not have the rights to manage the State properties.
A managing director of a real estate development company commented, “Whether it is a housing complex or a plot of land, you need to be cautious when purchasing one nowadays. You should know that the projects approved by the junta council have no guarantee.”
NUG also stated that persons who purchase the State properties despite the warning will be prosecuted and have the properties confiscated.