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Australian executive in Myanmar linked to alleged financial misconduct is freed from jail

News

Australian executive in Myanmar linked to alleged financial misconduct is freed from jail
News

News

Australian executive in Myanmar linked to alleged financial misconduct is freed from jail

2026-09-24 00:01 Last Updated At:00:10

YANGON, Myanmar (AP) — An Australian businessperson who served as executive director of the American Chamber of Commerce in Myanmar was released from jail after more than 100 days of detention on financial misappropriation allegations, a Myanmar legal official said Wednesday.

Ye Khaung Kyaw, also known as Danny, was freed following a ruling by a court in Yangon, Myanmar’s largest city, according to a legal official familiar with the case, who spoke on condition of anonymity because he was not authorized to release information. Ye Khaung Kyaw and the two other men charged in connection with the case have said the allegations against them are groundless.

Acting Police Brig. Gen. Soe Lin Aung, a spokesperson for Myanmar’s Home Affairs Ministry, confirmed that the court concluded proceedings in Ye Khaung Kyaw’s case on Tuesday but declined to provide further details. It remains unclear whether he was convicted, had the charges dismissed or withdrawn, or was ordered to be deported.

Ye Khaung Kyaw was detained in June around the same time as former chamber president Adam Castillo, a U.S. businessperson who was released last week and deported without explanation.

The chamber’s current board accused Ye Khaung Kyaw, Castillo and former board member Munimul Islam of breach of trust and misappropriation of association assets in connection with a $300,000 contract with the Washington-based lobbying firm Mercury Public Affairs. Islam lives outside Myanmar and has not been detained. The chamber is usually known as AmCham.

Myanmar’s military-backed government released no official statement. Officials at the court and the police station in Yangon’s Pabedan township, where Ye Khaung Kyaw faced trial, did not respond to requests for comment. Authorities in Myanmar, which is currently in the midst of a civil war, rarely speak to the international media.

Supporters of the three men said the allegations were baseless and contradicted by documentary evidence.

The police complaint did not specify Ye Khaung Kyaw’s exact role in the alleged misconduct during his tenure as executive director. AmCham's complaint centered on Castillo’s creation of the U.S.-Burma Economic Forum as a lobbying organization during his presidency from 2023 to 2025 and a contract signed with Mercury in 2024.

In its annual report issued in May, AmCham accused Castillo of improperly collecting funds using the association’s name. It said the board had not approved the agreement, received any money or services, or disclosed the matter to auditors.

However, AmCham documents obtained by The Associated Press appear to contradict the annual report.

A signed board resolution showed the board approved the lobbying initiative, authorized hiring Mercury, and agreed that Islam’s company, Misfit Technologies, would provide sponsorship.

Current AmCham Executive Director Myat Phyu The called the resolution a fabrication, although other records on the chamber’s website indicated that the board was aware of the arrangement.

A Misfit employee, who spoke anonymously for fear of professional retribution, said fees were paid through Misfit’s U.S. office because American sanctions made payments from Myanmar nearly impossible. Mercury disclosed the payments to U.S. authorities under the Lobbying Disclosure Act.

Australia’s Foreign Ministry confirmed that it had provided consular assistance to an Australian in Myanmar but declined to comment further, citing privacy obligations.

FILE - Pedestrians walk past entrance of Junction City Tower, where the American Chamber of Commerce in Myanmar has its office, on Tuesday, Sept. 15, 2026, in Yangon, Myanmar. (AP Photo, File)

FILE - Pedestrians walk past entrance of Junction City Tower, where the American Chamber of Commerce in Myanmar has its office, on Tuesday, Sept. 15, 2026, in Yangon, Myanmar. (AP Photo, File)

McDonald’s said Wednesday it will spend $8.5 billion over the next decade to modernize its restaurants globally.

The Chicago burger chain also said it plans to introduce grilled chicken sandwiches and wraps and experiment with products like egg bites and bowls to meet the needs of customers who are seeking more protein and varied portion sizes.

Skye Anderson, the president of McDonald’s USA, said approximately 30 million Americans are now using GLP-1 weight loss drugs, and they’re seeking smaller, more protein-packed meals as a result. But the company’s research indicates that 60 million Americans are actively seeking more protein in their diet.

“This is an opportunity. We need to keep giving them more reasons to make McDonald’s their first choice,” Anderson said at McDonald’s investor day.

McDonald’s said the restaurant modernizations include lockers to handle delivery orders more easily, more visible coffee preparation areas to enhance quality perceptions, bigger play areas and improved kitchen layouts. Scales to help ensure order accuracy – which are already in use at 10,000 restaurants globally – will be in 20,000 restaurants by 2028, McDonald’s said.

The company is also accelerating deployment of its ArchIQ system, developed with Google, that improves order accuracy with artificial intelligence and automates tasks like inventory management and scheduling.

McDonald’s U.S. franchisees typically spend up to $450,000 per decade to on required store remodels. Under the company’s new plan, they will have to spend an additional $800,000 over time, but McDonald’s said it will pay a portion of that cost. The company said its portion will come in the form of rent relief and capital support.

McDonald's shares were down nearly 6% in morning trading.

FILE - People line up to enter a McDonald's restaurant in Beijing on Aug. 20, 2025. (AP Photo/Andy Wong, File)

FILE - People line up to enter a McDonald's restaurant in Beijing on Aug. 20, 2025. (AP Photo/Andy Wong, File)

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