PracticeAccounting FirmsPwC pulls out of Burma

PwC pulls out of Burma

PricewaterhouseCoopers has pulled out of Burma following its inclusion on a 'dirty list' earlier this year by campaigners against the country's military regime.

Link: PwC has ‘blood on its hands’

The firm severed ties with Burmese firm Hla Tun Consultants, which it had ownership interest in.

In a letter to the Burma UK campaign, a PwC senior partner wrote: ‘We were aware that another member of the PricewaterhouseCoopers network of firms, which held an ownership interest in an entity operating in Burma, was re-evaluating their ownership in this entity. I am now able to confirm that we have been informed that this ownership interest has since been divested.’

Political opposition is subject to draconian controls in Burma, and the government is accused of abuses including the widespread use of slave labour.

Aung San Suu Kyi, leader of the opposition National League for Democracy, has been under house arrest since May.

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