Eight investors in Tokyo Tatemono and Daiwa House Industry have replied to a letter sent by CSOs regarding concerns over the Myanmar military linked Y Complex project. More action is required of investors to prevent complicity in human rights violations.

Eight civil society organizations that are deeply concerned about the business relationship that Japanese companies have with the Myanmar military sent a letter dated to 101 corporate investors holding shares in Tokyo Tatemono Co., Ltd. or Daiwa House Industry Co., Ltd, regarding the Y Complex project.

Human rights activists in Myanmar are raising concerns about a USD$330m real-estate deal between the Myanmar military, Japanese state-controlled financial institutions and major Japanese corporations. The deal has gone ahead with zero civilian financial oversight and despite a high probability that the project will finance the military’s crimes against humanity and war crimes in Myanmar’s ethnic regions.