Danantara CIO Pandu Sjahrir Holds Stake in Sanctioned Broker
Published
Chief Investment Officer (CIO) of Danantara, Pandu Sjahrir, has been linked to a brokerage firm that has been sanctioned. The information emerged in a report by IDNFinancials, citing company records.
According to the records, Pandu holds 99.99 percent of the shares of PT Asha Artha Sehati. The company in turn controls 27.5 percent of the shares of PT Supra Sekuritas, a securities company in Indonesia.
Through this indirect ownership, Pandu Sjahrir has a connection to a broker that is currently under sanction. The news source has not provided details on the type of sanction, the party that imposed it, or the reason behind it.
Danantara is an investment management institution owned by the Indonesian government. Because of Pandu Sjahrir's position at the institution, further developments in this case need to be monitored by the public and capital market participants.
Sources: IDNFinancials
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