Dr Nyi Nyi Swe Gets 43 Years in Prison Over Alleged Forex Investment Fraud

A special court has sentenced Dr Nyi Nyi Swe to 43 years in prison in a case involving an alleged forex investment fraud, according to people close to those affected. The sentence was handed down on August 30, and his assets were reportedly confiscated by the state. According to the account, Nyi Nyi Swe persuaded people to invest by saying their money would go into forex trading and promising returns of 15 per cent a month. He is also said to have held events in several cities around Myanmar to attract potential investors. Some investors reportedly received what appeared to be profits at the beginning. That helped build confidence in the scheme, and more people were encouraged to put in money, the sources said. He allegedly used Telegram groups to seek funds as well. The groups were reportedly deleted after the alleged fraud came to light, and Nyi Nyi Swe went into hiding. Authorities later opened a case and arrested him in mid-2025. People said to have lost money included residents of Yangon and Mandalay, along with people from smaller towns. The reported sentence and asset confiscation mark a dramatic turn in a case that, according to sources close to the victims, drew investors from across the country. The allegations and details about the scheme were relayed by those sources.