In response to recent rumors, Yoma Bank today categorically denied the detention and interrogation of its bank directors related to money laundering. 

The bank asserts that these reports are false and part of an intentional effort to destabilize Myanmar’s financial sector and market. Yoma Bank is taking legal action against those spreading this misinformation.

Additionally, Myanmar-based Yoma Strategic Holdings, a conglomerate listed on the Singapore Stock Exchange, experienced a decline in its stock value on July 10, according to the Reuter News Agency. 

The Reuter also reported that Yoma stock dropped 25.7 percent (3.7 cents) to 10.7 cents, with a significant trading volume of 146.3 million shares. The closing price on July 10 was 10.3 cents, reflecting a 28.47 percent decrease (4.1 cents).