He saw his name removed with the lifting of sanctions by the White House in October 2016, a move deemed controversial by rights groups who criticize the lack of transparency in the business landscape and continued involvement in the economy by individuals and companies with military ties.
Along with Htay Myint, Dagon Win Aung and Nay Zin Latt, Khin Shwe serves as a patron of the Myanmar Hoteliers Association.
[15] Khin Shwe's son Zay Thiha (ဇေသီဟ), promoter of the World Lethwei Championship, is married to Nanda Hlaing, a Burmese actress and model.
In the 2010 Myanmar general election, he contested the Yangon Region № 9 constituency winning a majority of 173,208 (73.76 percent of the votes), won a House of Nationalities seat.
In the aftermath of the 2021 Myanmar coup d'état, he was arrested and sent to Insein Prison on 21 March 2022 along with his son Zay Thiha, following a conflict over a failed building development on military-owned land in Yangon.