ABSTRACT
The Gajah Tunggal Group, which was controlled by the Nursalim family, was one of the rapidly growing Indonesian business conglomerates in the 1990s, holding powerful positions in a few industrial concerns, and which attempted to aggressively diversify its business lines.1 The Gajah Tunggal Group is divided into the following six business segments: (i) financial services (commercial banking, non-bank finance, insurance, securities and so forth); (ii) manufacturing (tyre and related materials production, cable production and so forth); (iii) natural resources (shrimp farming and so forth); (iv) property; (v) retail and trading and (vi) international trading and investments. Among these, tyre production and commercial banking were the flagship businesses for the group.2
