Businesses linked to Indonesia’s powerful Bakrie family on Tuesday sought to reassure investors that no defaults have occurred on loans guaranteed with shares that have lost at least three-quarters of their value since June.

The move followed the suspension of share trading on Tuesday morning of Bumi Resources and five other companies linked to Aburizal Bakrie, Indonesia’s welfare minister, amid rumours the Bakrie and Brothers holding company had failed to meet its debt repayment obligations.