Exclusive - China's AgBank suspends account being used to crowdfund Myanmar rebels


  • World
  • Wednesday, 22 Mar 2017

A man walks past a branch of the Agricultural Bank of China in the town of Nansan, Yunnan province, China, March 12, 2017. REUTERS/Thomas Peter

YANGON (Reuters) - One of China's biggest state-owned lenders has suspended an account used to fund ethnic rebels fighting government troops in Myanmar, halting an arrangement that could have stoked diplomatic tensions between Beijing and Myanmar.

The Myanmar National Democratic Alliance Army (MNDAA), which clashed with government forces this month, said Agricultural Bank Of China (AgBank) <601288.SS> <1288.HK> was no longer accepting funds into an account it used to receive donations from supporters.

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