When Journalists Act as Brokers
The Press Council regards journalists on stock exchange duty as breaching the code of ethics if involved in stock transactions. The case of Krakatau Steel shares reveals a disgraceful practice that has long taken place at the exchange.
December 1, 2010
THE seventh-floor meeting room of the Press Council building in Kebon Sirih, Jakarta with its air-conditioner still felt heated on Wednesday last week. The case the Press Council discussed that day made many people uneasy: the blame for the improper purchase of initially-offered Krakatau Steel shares by a number of journalists covering the Indonesia Stock Exchange (IDX).
Reinhard Nainggolan, a Kompas daily journalist seen as well-informed of thi
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