Bahlil Confirms He Will Revoke Pontjo Sutowo's Business License If He Doesn't Immediately Open The Sultan Hotel

JAKARTA - Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia emphasized that Pontjo Sutowo's PT Indobuildco's business license regarding the management of the Sultan Hotel has been frozen since two weeks ago.

Bahlil explained that the suspension of business licenses had been carried out since two weeks ago, because the validity period of PT Indobuildco's building rights (HGB) was expired on land located in Block 15 of the Gelora Bung Karno (GBK) area.

"It has been two weeks ago frozen," Bahlil told the media crew in Jakarta, Friday, October 20.

Therefore, Bahlil asked the Indobuildco management to immediately vacate the Sultan Hotel because of the end of the Building Use Rights (HGB) period.

Currently, his party will still wait for Pontjo Sutowo to stop his business operations.

Bahlil emphasized that if the Indobuildco management still does not stop its operations, then it does not hesitate to permanently revoke PT Indobuildco's business license.

"We will consider (revocation of business license). Once again I say entrepreneurs cannot regulate the state, but the state must not be arbitrary with entrepreneurs," he said.