An Ordinary Bank Robbery Happened in Myanmar

In Yangon, four unidentified gunmen robbed a former state-owned bank and stole over 100 million kyats (US$61,000).
Global Treasure Bank (GTB) chairman U Maung Maung Thein confirmed the robbery at the bank’s branch in Yangon’s No. (1) ward on Monday morning.
“Around 100 million kyats were stolen. Our auditors are checking the details,” he told The Irrawaddy on Monday.
The robbery did not result in any injuries, he said.
According to a resident, the four robbers fled in a vehicle.
In the morning, a series of blasts rocked about eight locations in Yangon, including Insein Township near Mayangone, where the robbery took place.
Residents who live near the bank told The Irrawaddy that police and soldiers are currently looking for robbers.
Three gunmen robbed a GTB branch near a police station in South Oakkalapa Township, Yangon, in July. During that time, more than 10 million kyats were stolen.
In 1996, the GTB was established by the Ministry of Livestock, Fisheries and Rural Development as a semi-government bank under the name Myanmar Livestock and Fisheries Development Bank. It has opened 172 branches in Myanmar.

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