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11mo ago

Japanese Executive Released After Myanmar Conviction for Overpricing Rice

Hiroshi Kasamatsu, a director at Aeon Orange, served a month in custody before his release following a one-year prison sentence.

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A shopper walks down an aisle at an Aeon Orange supermarket in Yangon on July 1, after Myanmar authorities arrested a Japanese national working for the retail giant for allegedly selling rice at artificially high prices
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Overview

  • Kasamatsu was detained for selling rice above official prices set by Myanmar's military government.
  • He was sentenced to one year in prison and fined 500,000 kyat (about $150).
  • The Japanese Foreign Ministry confirmed Kasamatsu's release and stated he is in good health.
  • The case is part of a broader crackdown involving multiple foreign executives and local businesses.
  • Japan maintains a unique diplomatic stance towards Myanmar, urging democracy while limiting aid to humanitarian purposes.