Northeast India’s Only English and Hindi Satellite News Channel

7 offices of KBZ bank in Myanmar hit by blasts

As many as 7 branches of a private bank called KBZ, were blown up in explosions in Myanmar’s Mandalay. The blasts come amid growing concerns that the country’s private banks

As many as 7 branches of a private bank called KBZ, were blown up in explosions in Myanmar’s Mandalay.

The blasts come amid growing concerns that the country’s private banks have begun to cooperate with the junta, which has been pressuring them to disclose information about customers in a bid to track down financing of anti-regime activities. Myanmar’s coup regime has not released a statement regarding the bombings, and so far no group has claimed responsibility for carrying out the attacks.

According to reports, a number of accounts that used the bank’s online payment system to transfer money to members of the civil disobedience movement have been suspended.

More than 1,000 civilians have been killed in a post-coup crackdown in Myanmar, with thousands more detained, many tortured or beaten, according to the United Nations, citing activists. The junta is accused of using excessive military force against civilian populations.

Inputs: Myanmar Now
https://www.myanmar-now.org/en/news/blasts-target-seven-kbz-bank-branches-in-mandalay

First Published: 29th October, 2021 9:58 IST

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