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Gunawan Steel Group

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2004

    Alleged corruption in the disposal of restructured steel assets

    The sale of Gunawan Steel Group companies after their takeover by the Indonesian Bank Restructuring Agency was alleged to have been corrupt. Claims included that the assets were sold at an unusually low value, that acquiring companies were connected to the Gunawan group, and that the transactions violated government regulations governing asset sales. The available reference describes allegations rather than establishing a final legal determination.

    Source