IN-DEPTH RESEARCH INTO THE VAST BUSINESS EMPIRE FUNDING BRUTALITY AND GENOCIDE
Our research sheds light on transactions and relationships the military would prefer stay hidden
We examine the trends, investments and legal ties of the military's various business assets as described in public and private documents and news reporting across a number of languages. Much of the evidence of the military's conflict of interest and wrongdoing are out in the open, seeking only to have curious and thoughtful researchers connect the dots in a cohesive way.
If you have evidence you would like to share with our team, please contact us.

Our investigation into the communications sector's corruption has revealed a global network of businesses complicit in enabling the military's war crimes.
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The NLD-led government has enabled the Myanmar military. This must change.
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Myanmar military Airbus deals for troop transport and luxury travel exposed in internal military procurement documents.
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NLD-led government failed to prevent abuse of Myanmar Numbering Plan.
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The Myanmar military’s proxy party, Union Solidarity Development Party, is part of the military cartel and benefits from the military’s total impunity.
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Shareholder data referenced in the Amnesty International report — Military LTD: The Company Financing Human Rights Abuses in Myanmar
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Military leadership held lavish fundraising events while carrying out a genocide against the Rohingya.
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Ties to Sr. Gen. Min Aung Hlaing's family business raises corruption concerns.
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Deplorable conflict of interest with firm run by Lt. Gen Soe Htut's sons.
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The nearly 200 lives lost in the Hpakant landslide show the cost of Myanmar’s military-controlled jade mining industry.
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The people of Myanmar suffer as the armed forces act as both a state institution and an enterprise for the personal profit of military officials.
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Ever Flow River, the sixth listing on the Yangon Stock Exchange, is part of a large-scale development project to enrich the Myanmar military.
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JFM has found evidence that money from the land lease flows to the Quartermaster General's office, through a proxy company.
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The Myanmar military commits war crimes with impunity. Learn how they're funded by a network of businesses without civilian government oversight.
READ MoreWhat's next
We are busy working to identify complicit businesses and pressure them to reconsider their relationship with the Myanmar military. For example:
Most implicated sectors, according to the UN Fact Finding Mission Report
- Agriculture, Forestry & Fishing
- Extraction
- Finance & Insurance
- Food & Beverage
- Manufacturing
- Media & Tech
- Real Estate & Construction
- Beverages & Tobacco
- Tourism & Leisure
- Trade & Transportation
Largest implicated foreign companies based on public revenue data:
- NORINCO (People's Republic of China) (62 billion USD)
- Posco Steel Co. Ltd (Republic of Korea) (60 billion USD)
- Kirin Holdings (Japan) (15.3 billion USD)
- Adani Group (India) (13 billion USD)
- Sumitomo Mitsui Financial (Japan) (15.3 billion USD)
- Japan Credit Bureau (Japan) (2.8 billion USD)
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