Myanmar military cashes in on Thai pipeline
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French energy giant Total and partners implicated in tax optimisation scheme
published : 8 May 2021 at 15:03
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12 PTT Exploration and Production Plc of Thailand is one of three partners with majority operator Total of France in the Yadana natural gas field off the coast of Myanmar. (Handout photo via PTTEP)
Myanmar’s military has received hundreds of millions of dollars from natural gas sales through a financial scheme linked to the Myanmar-Thailand pipeline, a French newspaper has reported.
The French energy giant Total was implicated as one of the companies behind the “tax optimisation” scheme outlined by
Tax-free dividends paid to military-controlled company through offshore accounts, investigation by Le Monde reveals Shweta Desai | 04.05.2021
PARIS
French energy giant Total’s gas operation in Myanmar has been propping up the military junta by diverting funds from gas sales to offshore accounts instead of the government, an investigation by Le Monde newspaper said on Tuesday.
Documents accessed by the French newspaper released after the military coup in Myanmar, said the Yadana gas field supplying gas to local markets in Myanmar and Thailand is diverting its revenue to the Myanmar Oil and Gas Enterprise (MOGE), managed by army executives and retired officers.
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