Myanmar finance minister resigns

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YANGON (Reuters) – Myanmar’s Finance Minister Kyaw Win has resigned, President Win Myint said, weeks after local media first reported he was under investigation for alleged corruption. Kyaw Win was “allowed to resign,” the president said in a short statement on Friday. Earlier this month local media reported that Myanmar’s Anti-Corruption Commission (ACC) searched Kyaw Win’s residence. Details of the alleged investigation were not available but it would be Myanmar’s highest-level corruption probe since de facto leader Aung San Suu Kyi came to power in 2016. The finance minister’s resignation comes amid growing frustration with Suu Kyi’s management of the economy. Nearly five decades of military rule has left Myanmar mired in poverty and plagued by corruption. A quasi-civilian government in 2014 appointed the anti-graft commission.

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