"A compelling case has emerged which is of concern and needs attention in the region. The case refers to a joint venture in the Union of Myanmar (Burma) between a Singapore-based company, Yaung Chi Oo Trading, and the Ministry of Industry No. 1 of the State Peace and Development Council (SPDC). In 1993, the Union of Myanmar opened up its doors to foreign investment. The bankrupt Mandalay Brewery bubbled back to life. Mandalay Beer became a recognised brand name. A network of 40 pubs operated nationwide and it became the largest domestic taxpayer, generating revenue for the dilapidated state coffers. On November 11, 1998 the joint venture came to an abrupt halt when armed soldiers seized the brewery on the orders of the SPDC. The bank accounts of the partner were frozen and it was threatened with arrest for alleged misappropriation of funds soon after its final payment of $5.3 million..."