PT Astra International controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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1997
Asian financial crisis and ownership restructuring
Astra and related financial businesses were affected by the 1997 Asian financial crisis. Bank Universal later collapsed during the crisis, while a major Astra shareholding was transferred to the Indonesian Bank Restructuring Agency and subsequently sold to Jardine Cycle & Carriage.
1989
Bank Summa collapse and Astra share sale
Bank Summa, associated with the Soeryadjaya family, collapsed after bad-credit problems. William Soeryadjaya sold a substantial portion of his Astra shares to help compensate depositors. The episode materially changed Astra’s ownership structure and preceded later post-crisis restructuring.