Secret Assets Owners
  • Investing
  • World News
  • Politics
  • Stock
  • Editor’s Pick
Politics

Myanmar ex-leader Suu Kyi’s house arrest site worth at least $90 million – court

by January 26, 2024
January 26, 2024

A court in military-run Myanmar has put up for auction the villa where ex-leader and democracy icon Aung San Suu Kyi spent 15 years under house arrest, and set starting bids at 315 billion kyats ($90 million), a source said on Thursday.

Suu Kyi, back in detention since the military overthrew her government in 2021, has been embroiled in a decades-long legal dispute with her brother over ownership of the lakeside villa.

A person with knowledge of the proceedings said the court-ordered auction will be held at the house on March 20.

“If there is a buyer, the house will be sold. We will have to see whether there will be a buyer or not,” added the source, who declined to be named as they were not authorized to speak to the media. Court officials were not available for comment.

The Nobel laureate was detained at the decrepit, colonial-style residence on Yangon’s Inya Lake until 2012, when she moved to the capital Naypyitaw to attend parliament after her release.

She gave impassioned speeches to crowds of supporters over the metal gates of the house and it has been the site of some of her most high-profile meetings, including with former US president Barack Obama and secretary of state Hillary Clinton.

The 78-year-old’s estranged brother, Aung San Oo first sued in 2000 for a share of the property, which is registered under the name of their mother, Khin Kyi.

The court ruled the siblings must share the proceeds from any sale of the house. Aung San Oo, was not immediately available for the comment.

Suu Kyi remains in detention, though her whereabouts are unknown. She faces 27 years in prison convictions for crimes ranging from treason and bribery to violations of the telecommunications law, allegations she denies.

World leaders and pro-democracy activists have repeatedly called for her release. — Reuters

previous post
Turkey’s Edrogan signs off on Sweden’s NATO membership
next post
China kicks off Lunar New Year travel rush, expects record 9 billion trips

You may also like

American history won’t be displayed ‘in a woke...

August 15, 2025

Armenia and Azerbaijan leaders seek to ease Russian...

August 14, 2025

Trump admin unveils groundbreaking tool ‘supercharging’ gov’t efficiency...

August 14, 2025

Social Security is 90 years old. We are...

August 14, 2025

DNC rips JD Vance for fishing with British...

August 13, 2025

Trump predicts little progress in potential shutdown talks...

August 13, 2025

Trump threatens ‘very severe’ consequences if Russia doesn’t...

August 13, 2025

Vance: Adversaries are ‘afraid’ of US military, and...

August 13, 2025

Vance visits US troops during high-stakes UK trip...

August 13, 2025

Vulnerable Democrats hammered with scathing ad handcuffing them...

August 13, 2025
Join The Exclusive Subscription Today And Get Premium Articles For Free


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Recent Posts

  • American history won’t be displayed ‘in a woke manner’ at Smithsonian, Trump says

    August 15, 2025
  • Please Stop Calling them “Reciprocal” Tariffs

    August 14, 2025
  • Energy Department Not Interested In Government Transparency

    August 14, 2025
  • A Bet on X, a Bottle of Scotch, and Why the IRA Was Bound to Break

    August 14, 2025
  • ICE Could Prevent Some of the Coming Corruption, Criminal, and Misconduct Scandals That Will Plague the Agency

    August 14, 2025
  • About us
  • Contact us
  • Terms & Conditions
  • Privacy Policy

Copyright © 2025 SecretAssetsOwners.com All Rights Reserved.


Back To Top
Secret Assets Owners
  • Investing
  • World News
  • Politics
  • Stock
  • Editor’s Pick