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The director-general of the Burmese police force, Zaw Win, announced on Friday that eight suspects are in custody following a spate of bombings which left three people dead and several injured.
Speaking at a press conference in Rangoon, he said that Nay Toe (also known as Saw Shwe Htoo), the main suspect, is still at large.
“According to our investigation, there is clear evidence that this was an attempt to deter foreign investment in the country,” said the police chief.
He said that Nay Toe, the manager of a business enterprise owned by the Karen National Union (KNU), was the mastermind behind the bombings and the one who ordered Saw Myint Lwin, a former KNU member who is now in custody, to plant the bomb at the Traders Hotel.
The KNU on Wednesday dismissed allegations that the attack was planned by its leadership but pledged to investigate within its ranks for any connection to the attacks.