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International Group of Entrepreneurs (IGE) Company Limited

Sanctioned entity

International Group of Entrepreneurs (IGE) Company Limited is subject to sanctions. See the individual program listings below.

Type	Company				[sources]
Name	International Group of Entrepreneurs (IGE) Company Limited · International Group of Entrepreneurs (IGE) Company Ltd				[sources]
Incorporation date	not available				[sources]
Legal form	private enterprise				[sources]
Jurisdiction	Myanmar (Burma)				[sources]
Country	Myanmar (Burma)				[sources]
Registration number	not available				[sources]
PermID	`5083530811`				[sources]
Phone	+95 775 111 112 · +95775111112				[sources]
Website	www.ige.com.mm				[sources]
Status	Active				[sources]
Address	Myanmar				[sources]
Source link	gels-avoirs.dgtresor.gouv.fr · permid.org				[sources]
Created at	2022-02-21				[sources]
Modified on	2022-03-07				[sources]
Last changed	2024-03-28	Last checked	2024-04-27	First seen	2023-04-20

Descriptions

Type of entity: private enterprise

— Belgian Financial Sanctions, 2024-03-28

Place of registration: Myanmar/Burma

— Belgian Financial Sanctions, 2023-04-20

Phone number: +95775111112

— Swiss SECO Sanctions/Embargoes, 2023-04-20

Place of registration: Myanmar/Burma

— Swiss SECO Sanctions/Embargoes, 2023-04-20

International Group of Entrepreneurs (IGE) Company Limited is a private conglomerate founded and chaired by U Nay Aung, who is closely connected to the top leadership of the Myanmar Armed Forces (Tatmadaw). IGE is active in key infrastructure industries such as telecommunication and energy, as well as in the agriculture and hospitality fields. IGE provided the Tatmadaw with financial support in 2017 in connection to the Rakhine ‘clearance operations’ and thus contributed to serious human rights violations in 2017 against the Rohingya population. IGE has also provided the Tatmadaw with indirect financial support by taking financial participations in several projects and companies linked to the Tatmadaw and its conglomerates. Therefore, it provides support to and benefits from the Tatmadaw.

— Swiss SECO Sanctions/Embargoes, 2023-04-20

Type of entity: private enterprise

— EU Financial Sanctions Files (FSF), 2024-03-28

Place of registration: Myanmar/Burma

— EU Financial Sanctions Files (FSF), 2023-04-20

Type d'entité: entreprise privée. Lieu d'enregistrement: Myanmar/Birmanie. International Group of Entrepreneurs (IGE) Company Limited est un conglomérat privé fondé et présidé par U Nay Aung, qui entretient des relations étroites avec les dirigeants des forces armées du Myanmar (Tatmadaw). IGE est présente dans des secteurs clés tels que les infrastructures, les télécommunications et l'énergie, ainsi que dans les domaines de l'agriculture et de l'hôtellerie. En 2017, IGE a fourni aux Tatmadaw un soutien financier dans le cadre des opérations dites "de nettoyage" menées dans l'État de Rakhine, contribuant ainsi à de graves violations des droits de l'homme à l'encontre des Rohingyas la même année. IGE a également fourni aux Tatmadaw un soutien financier indirect en prenant des participations financières dans plusieurs projets et entreprises liés aux Tatmadaw et à leurs conglomérats. Par conséquent, le groupe fournit un soutien aux Tatmadaw et tire profit de ces dernières.

— French Freezing of Assets, 2023-04-20

Relationships

Address
Full address	Country
No. 36-G, 37-F, level-20, Office Tower (2), Time City, Corner of Kyun taw Street and Hantharwaddy Road, (7), Quarter, Kamayut Township, Yangon, 110401, Myanmar · No. 36-G, 37-F, level-20, Office Tower (2), Time City, Corner of Kyun taw Street and Hantharwaddy Road, (7), Quarter, Kamayut Township, Yangon, MYANMAR · N° 36-G, 37-F, level-20, Office Tower (2), Time City, Corner of Kyun taw Street and Hantharwaddy Road, (7), Quarter, Kamayut Township, Yangon, Myanmar/Birmanie 110401	Myanmar (Burma)

Sanctions
Authority	Program	Start date	End date
Federal Public Service Finance	MMR	2022-02-21	-
Ministry of Economy, Finance, and Recovery	(UE) 2022/239 du 21/02/2022 (UE Myanmar (ex Birmanie) - R (UE) 401/2013)	-	-
European External Action Service	MMR	2022-02-21	-
State Secretariat for Economic Affairs (SECO)	Ordinance of 17 October 2018 on measures against Myanmar (SR 946.231.157.5), annex 1	2022-03-07	-

Data sources

French Freezing of Assets6,265

The register lists all persons, entities and vessels subject to asset freezing measures in force on French territory, pursuant to national, European and international (UN) provisions.

France · Ministry of Economy, Finance, and Recovery

Belgian Financial Sanctions6,315

Belgium extends the European FSF sanctions list on the basis of a national terrorist list, issued by the National Security Council.

Belgium · Federal Public Service Finance

EU Financial Sanctions Files (FSF)6,054

As part of the Common Foreign Security Policy the European Union publishes a sanctions list that is implemented by all member states.

European Union · European External Action Service

Swiss SECO Sanctions/Embargoes8,011

Switzerland manages a sanctions lists with a high degree of detail on the individuals that are subject to it's embargoes.

Switzerland · State Secretariat for Economic Affairs (SECO)

External databases

The record has been enriched with data from the following external databases:

LSEG PermID Open Data2,451

Permanent Identifier (PermID) is a reference data spine offered by LSEG/Refinitiv to help create unique identifiers for organizations that are publicly listed.

External dataset · LSEG/Refinitiv · non-official source

Source data IDs: fr-ga-3812 · permid-5083530811 · eu-fsf-eu-6936-93 · ch-seco-47788

For experts: raw data explorer

Factsheet Descriptions Data sources

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