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AAP
AAP
Business
DAVID RISING (Associated Press)

American businessman detained in Myanmar after alleged financial misconduct

BANGKOK (AP) — The former president of the American Chamber of Commerce in Myanmar was detained upon his return to Yangon, police said Monday, an arrest that came after the organization said it was looking into suspicious financial transactions by ex-board members.

Adam Castillo, a founder and owner of the security risk management firm AGS Myanmar, was detained Thursday at Yangon International Airport, said the spokesperson for Myanmar's Home Affairs Ministry, acting police Brig. Gen. Soe Lin Aung.

"He was arrested because there was a crime and a lawsuit," he said, confirming reports but not elaborating further.

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