In May 2019, Adani Ports entered into an agreement to construct, operate and transfer land held by the Myanmar Economic Corporation (MEC) military conglomerate for 50 years in an investment valued at US$290 million. Such corporate conduct has broader implications. Investing in Adani is not only environmentally unsound but imperilling of human rights.. By Binoy Kampmark
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Ports of Complicity: Adani Ports in Myanmar, released on March 30, published leaked documents revealing the details of Adani Ports’ contract with the Myanmar military owned and operated company, Myanmar Economic Corporation (MEC).
Adani Ports, also known as Adani Ports and Special Economic Zone Limited (APSEZ), is an Adani group subsidiary with interests across South East Asia.
Ports of Complicity revealed that in 2019, Adani Ports paid a minimum of US$30 million in land lease fees and a further US$22 million in land clearance fees to the MEC.
In 2019, the UN Human Rights Council’s International Independent Fact-Finding Mission to Myanmar revealed that the MEC is owned and directed by high-ranking military officials, including the Commander-in-Chief Senior General Min Aung Hlaing and Deputy Commander-in-Chief, Vice Senior General Soe Win.
The Adani Business Formula: Dealing with Myanmar s Military thenews-chronicle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews-chronicle.com Daily Mail and Mail on Sunday newspapers.