Description:
Summary:
"In October 2013 and March 2014, Myanmar awarded 36 major oil and gas blocks to 47 international
and local companies. Global Witness has contacted each of these winning companies to ask simply: who
owns and controls you? Getting full answers to this question is crucial to putting an end to the corruption
which has kept Myanmar?s people in poverty for so long. Secret company structures enable powerful
individuals to hide their identities and there are countless examples globally of corrupt officials awarding
major deals to companies which they later turn out to own. Putting company ownership details into the
public domain provides a crucial safeguard against corruption.
Of the 47 companies contacted, only 13 provided responses to Global Witness? ownership questions.1
Two private companies have set a positive precedent by revealing full details of the individuals who own
and control them. Overall, however, these results reveal a high level of corporate secrecy which must be
tackled if Myanmar?s oil and gas riches are to benefit its people..."
Source/publisher:
Global Witness
Date of Publication:
2014-06-00
Date of entry:
2014-07-07
Grouping:
- Individual Documents
Category:
Language:
English, Burmese (မြန်မာဘာသာ)
Local URL:
Format:
pdf pdf
Size:
634.64 KB 302.42 KB