Shwe Taung Group controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2007
Continuing allegations concerning alleged money laundering
A leaked United States embassy cable reported that law-enforcement agencies continued to suspect the former Olympic Construction Group of laundering money connected to narcotics trafficking and questioned the identity of wealthy investors behind the group. These claims are reported allegations and suspicions, not an established criminal judgment in the supplied material.
2003
Asia Wealth Bank money-laundering and narcotics-link allegations
United States Treasury action identified Asia Wealth Bank as a financial institution of primary money-laundering concern and cited alleged links to narcotics-trafficking organizations. The bank’s license was later revoked by Myanmar authorities and the institution closed. The controversy affected the public history of the affiliated Olympic Construction business and preceded its 2004 renaming as Shwe Taung Group.