Yangon, Myanmar — The recent series of bombings in Myanmar was aimed at scaring away investors, said the national police chief on Friday.
A total of 3 people have been killed and 10 injured in 9 different explosions in the past week.
Police chief Zaw Win said the bombers were unhappy with the political and economic reforms taking place that have attracted foreign investors to the country.
Authorities believe all the bombings are linked to the same individual or group.
Mr. Zaw Win contended that a businessman known only as Nato, with ties to the Karen National Union ethnic rebel group, had promised Saw Myint Lwin, one of eight suspects in police custody, a gold mine for planting bombs at hotels and restaurants, according to an AP report.
Mr. Saw Myint Lwin, age 25, was given $500, explosives and instructions on how to use them, said the police chief.
The goal “was to stop foreign involvement in the local market economy.”
The Karen group signed a cease-fire deal with the government last year, and presidential spokesman Ye Htut said splinter elements acting as individuals were to blame for the bombings, and not the Karen group itself.