Myanmar releases Japanese exec arrested for selling rice above set prices ...Middle East

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Myanmar releases Japanese exec arrested for selling rice above set prices
source : Business Standard ( Middle East ) () 33
A Japanese business executive who was detained in Myanmar for more than a month has been released after being convicted of violating rice pricing rules, officials said Tuesday. Hiroshi Kasamatsu, a director of the Myanmar supermarket Aeon Orange, was in custody in Myanmar since his June 30 arrest for selling rice at prices above the official regulations. Japan's Foreign Ministry confirmed Monday that the Japanese national was convicted of violating law related to daily necessities and service. He was sentenced to one year in prison and fined 500,000 kyat (about USD 150). Kasamatsu was freed Monday afternoon, said Maj. Gen. Zaw Min Tun, spokesperson for the Myanmar's ruling military council.

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