Myanmar - Statement

Part of the debate – in the House of Lords at 1:42 pm on 11th February 2021.

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Photo of Lord Browne of Ladyton Lord Browne of Ladyton Labour 1:42 pm, 11th February 2021

My Lords, it is a credible inference that, in seizing power, General Min Aung Hlaing and the military were partly motivated by the desire to protect themselves and their families from investigation of their corrupt and lucrative financial deals and economic holdings by a strengthened democratic Government. It is certain that they have managed to squirrel away stolen assets in this country, the British Overseas Territories and other democratic countries. Following on from my noble friend Lord Triesman’s question, and recognising the limitations that the Minister is under, beyond sanctions, do the Government have the power and intent to trace, seize and freeze these assets so that, in due course, they can be returned to their rightful owners: the Myanmar people?