in February. The United Nations in 2018 advised companies to avoid doing business with the Myanmar military or companies controlled by it after a fact-finding mission documented alleged human-rights abuses.
The company said it hasn’t conducted transactions with the MEC since last year. “In light of the current situation, all transactions with and payments to MEC and its subsidiaries have been terminated,” Adani Group said. The company, however, said it hired law firm Morrison & Foerster LLP to advise the company on compliance with U.S. sanctions. “We are considering outreach to the U.S. government to discuss the Yangon project and the benefits we expect it will have for the people of Myanmar,” Adani Group said.
The U.S. Treasury Department’s Office of Foreign Assets Control, which enforces U.S. sanctions, declined to comment.
Yeah, we opened shop there but didn’t sell anything. Such a lame excuse.
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