Metro Plus News Myanmar ex-leader Suu Kyi’s house arrest site worth at least $90mln

Myanmar ex-leader Suu Kyi’s house arrest site worth at least $90mln

A court in military-run Myanmar has put up for auction the villa where ex-leader and democracy icon Aung San Suu Kyi spent 15 years under house arrest, and set starting bids at 315 billion kyats ($90 million), a source said on Thursday.
Suu Kyi, back in detention since the military overthrew her government in 2021, has been embroiled in a decades-long legal dispute with her brother over ownership of the lakeside villa.
A person with knowledge of the proceedings said the court-ordered auction will be held at the house on March 20.
“If there is a buyer, the house will be sold. We will have to see whether there will be a buyer or not,” added the source, who declined to be named as they were not authorised to speak to the media. Court officials were not available for comment.
The Nobel laureate was detained at the decrepit, colonial-style residence on Yangon’s Inya Lake until 2012, when she moved to the capital Naypyitaw to attend parliament after her release.