Guan Eng willing to testify if freight forwarder equity dispute goes to court

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Former finance minister Lim Guan Eng said he is willing to be a witness if there is any court action to block the forced disposal of shares and control of freight forwarder companies to 51 percent bumiputera equity.In the latest salvo following the furore, Bagan MP Lim said that any attempt by the present government to overturn the decision made by the Pakatan Harapan administration on Oct 24, 2018 can be challenged in court.“I am willing to come forward as a witness to confirm this.“First, it is unfair to withhold any renewal of licences of freight forwarders for not complying with the 51 percent bumiputera equity after they have been operating their business for decades to just suddenly surrender control of their companies.“Second, there are double standards in forcing this 51 percent bumiputera equity ruling only on locally-owned international integrated logistics services …