Ex-american Businessman Arrested in Myanmar Over Financial Misdeeds

WHO:

AP News - Adam Castillo, former president of the American Chamber of Commerce in Myanmar, founder and owner of AGS Myanmar.

AP News - Myat Phyu The, executive director of the American Chamber of Commerce in Myanmar.

AP News - U.S. State Department.

WHAT:

AP News - Adam Castillo was detained at Yangon International Airport.

AP News - Castillo's company AGS Myanmar is involved in an "ongoing matter" related to financial misconduct.

AP News - The American Chamber of Commerce filed a complaint against Castillo.

AP News - A contract signed by a former board representative in November 2024 involved a payment of $300,000 to a Washington-based public relations firm.

AP News - The report states that AMCHAM Myanmar received no funds, made no payments, and received no services related to the contract.

WHERE:

AP News - Yangon, Myanmar.

AP News - Kuala Lumpur, Malaysia, where Castillo attended a business forum prior to his arrest.

WHEN:

AP News - Castillo served as president of the American Chamber of Commerce from 2023-2025.

AP News - The contract in question was signed in November 2024.

AP News - The American Chamber of Commerce's annual report was referenced, which was released on May 29.

WHY:

AP News - Castillo was arrested due to a crime and a lawsuit related to suspicious financial transactions by former board members of the American Chamber of Commerce.

HOW:

AP News - The American Chamber of Commerce referred the matter to a law firm for review after uncovering suspect transactions.

(UPDATED June 15, 2026 18:38 UTC)

Adam Castillo, the former president of the American Chamber of Commerce in Myanmar and founder of AGS Myanmar, was detained at Yangon International Airport due to a crime and a lawsuit linked to suspicious financial transactions by former board members. The American Chamber of Commerce filed a complaint against Castillo, who is involved in an ongoing matter related to financial misconduct, including a contract signed in November 2024 that involved a payment of $300,000 to a Washington-based public relations firm, despite AMCHAM Myanmar receiving no funds or services related to that contract. The organization referred the matter to a law firm for review after uncovering these suspect transactions.