![](https://thadinn.com/wp-content/uploads/2023/09/12-24-rotated.jpg)
MYANMAR – On September 18, the junta council announced that the director of junta’s Foreign Exchnge Supervisory Committee (FESC) has been substituted with General Mya Tun Oo from the junta’s Ministry of Transport and Communications as restructuring of the organization.
After the former director of FESC as well as a member of the junta regime, Lieutenant General Moe Myint Tun had been detained and interrogated in the third week of September, he is said to be removed from his position.
“He (Moe Myint Tun) is being interrogated for corruption. Currently, all his properties, vehicles and houses have been confiscated,” a Nay Pyi Taw News Source said.
FESC had been announced to be re-organized by assigning Lieutenant General Moe Myint Tun who is known to be a confidant of the junta leader, as a director of the FESC to stabilise the foreign currency exchange rate and use more effectively just in July.
Subsequent to the interrogation of many businessmen including palm oil importers in early September due to the exorbitant commodity prices, junta council’s Brigadier General Yan Naung Soe, secretary of the committee for right and quick access in trading and goods flow was also said to be under interrogation, according to the posts in the second week of September by “News of Myanmar” which is a news broadcast channel of the junta council on telegram.
Meanwhile, during the days Brigadier General Yan Naung Soe was interrogated, his senior Lieutenant General Moe Myint Tun has also still been detained and interrogated.
Furthermore, Moe Myint Tun was not only the director of FESC but also the director of Myanmar Investment Corporation (MIC) and Myanmar Economy which has been dominated by the military generals has been facing crisis after crisis.