Asia World controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2008
United States sanctions over alleged illicit financial connections
Asia World and several subsidiaries were included in United States targeted sanctions from 2008. The sanctions were associated with allegations concerning money laundering, drug proceeds, and links involving Steven Law, Cecilia Ng, and the United Wa State Army.
United Kingdom investment restrictions
The United Kingdom imposed investment restrictions covering Asia World and subsidiaries including Ahlone Wharves, Asia Light, Asia World Company, Asia World Industries, Asia World Port Management, and Leo Express Bus.
Allegations concerning money laundering and drug-trafficking links
The group has been widely accused of using money laundering to support business expansion. The allegations are connected to the criminal history attributed to founder Lo Hsing Han and to United States officials’ claims about an underground banking network associated with companies linked to Steven Law and Cecilia Ng.
Controversy over Irrawaddy hydropower projects
Asia World partnered with China Power Investment Corporation on controversial dam projects along the Irrawaddy River in Kachin State, including the Myitsone Dam. The projects attracted criticism concerning environmental and social consequences and the role of foreign investment.