REPUBLIKA.CO.ID, JAKARTA - Some Indonesian members of parliament recently were snifting South Korea's largest multiplex cinema, CJ CGV, acquired Indonesian cinema Blitzmegaplex as the majority of the board of directors were Koreans. The Head of Indonesia Investment Coordinating Board, Chatib Basri, said that he would dig information that lead to the the case.
"I will check it," Basri said on Tuesday.
He explained that foreign investors were not allowed to buy Indonesian cinema since the sector was still enlisted in foreign investment negative list and cited in Presidential Regulation No. 36/2010.
A member of Commission X at the House of Representatives, Dedi Gumelar, earlier alleged CJ CGV to purchase Blitzmegaplex. "If it is true, then it's a law violation," he said.)
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