(Repeats Friday story with no changes to text)
* Activists call for legal review of three key laws
* Indonesian government, foreign investors worried
* Courts have ruled in favour of movement before
* Government to set up legal team to challenge initiative
By Charlotte Greenfield and Eveline Danubrata
JAKARTA, April 24 (Reuters) - The head of an Indonesian Muslim organisation has filed cases to overturn three laws, escalating what he calls 'a constitutional jihad' that has already dealt a blow to investors in the oil, gas and water sectors and now threatens to hit more.
Muhammadiyah, a social movement with some 30 million members, has identified 115 laws it believes violate a constitutional tenet that natural resources must be controlled by the state for the benefit of the Indonesian people.
"We will not stop as long as there are any laws that are contradictory to the constitution. This is our constitutional jihad, it's our social struggle," the group's chairman, Din Syamsuddin, told Reuters in an interview.
He said Muhammadiyah had this week filed requests for judicial reviews in the Constitutional Court saying that the 1999 foreign exchange law, the 2007 law on investment and the 2009 law on the electricity sector are invalid.
If the court accepted these claims, the legal basis for convertibility of the rupiah currency would be thrown out, safeguards that foreign investors rely on to be treated on a level playing field would be lost, and the right of private operators to run power plants would be removed.
The group's 'jihad' may seem outlandish and doomed to fail in a country where few question the free market economy, yet their citizen activism has already overturned two laws.
In 2012, Muhammadiyah succeeded in crimping the government's ability to contract with private companies in the oil and gas sector.
Two months ago it felled a law governing the use of water, which plunged businesses in sectors as varied as textiles to beverage bottling into uncertainty after the rule allowing water permits to be given to the private sector was axed.
The new challenge is likely to be a worry for President Joko Widodo, whose election victory six months ago lifted investor hopes of reforms that would untangle the country's red tape, tackle corruption and beat back vested interests.
Amid doubts that he was going to be able to fulfil those hopes, Widodo told a World Economic Forum meeting in Jakarta this week that foreign investors were welcome and, should they run into any problems, to give him a call.
"UNCERTAINTY AND CONFUSION"
Arif Budimanta, special staff to the finance minister, told Reuters that the government, which needs heavy foreign capital to realise infrastructure ambitions, would prepare a legal team to fight the latest challenges from Muhammadiyah.