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Yoma refutes report’s allegations relating to StarCity project

Khairani Afifi Noordin
Khairani Afifi Noordin • 2 min read
Yoma refutes report’s allegations relating to StarCity project
Yoma is seeking legal advice and is prepared to take all necessary action to protect its interests and defend itself.
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Yoma Strategic Holdings has refuted allegations in an Aug 16 report by The Irrawaddy, which it says contains “untrue, inaccurate, or misleading allegations”.

Citing sources familiar with the matter, The Irrawaddy wrote that Yoma’s former chairman Serge Pun is facing several charges after his month-long detention by the Myanmar junta, including money laundering and misuse of public funds.

It also claimed that the 71-year old is facing charges for damaging the interest of the national government for allegedly using criminal proceeds from online scam centres to invest in the expansion of Yoma’s StarCity development. 

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