FSM Holdings executive Li Thet resigns after US sanctions
FSM Holdings said executive director Li Thet resigned on 21 October, after the US Treasury’s Office of Foreign Assets Control sanctioned him on 14 October over alleged ties to Prince Holding Group. FSM Holdings said it was not sanctioned and had no connection to the alleged network; its board has begun an internal review.
The resignation and review concern a gaming company’s response to allegations involving a senior executive.