A Police Report Against Shareholders of Bayan Resources

The decade old disputes between the founder of PT Gunungbayan Pratamacoal (GBPC) the late H. Asri, his son one Rasyid Ridha and the executives of PT Bayan Resources Tbk (BYAN) continues. This dispute has been examined through court proceedings from 2008 to 2015, and in all stages the courts sided with BYAN executives. Nevertheless, Rasyid Ridha refuses to surrender. On March 6, 2018 Rasyid Ridha filed a new report to the police against Dato’ Low Tuck Kwong and Engki Wibowo. What is interesting and worrying about this dispute is how the dispute over ownership of the company is reported as a dispute between indigenous businessman who was an active member of Muhammadiyah against Chinese-descent conglomerate.

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