51% bumi rule will only enrich cronies, govt must find solution that favours M'sians, says Anwar

KUALA LUMPUR: The requirement for 51% bumiputra equity in local freight forwarding companies will only enrich an elite group of cronies and the government must find a new solution that favours all races in Malaysia, said Anwar Ibrahim.

The Opposition Leader said history has shown that such policies will only benefit a few families and cronies, as he questioned whether the poor bumiputra community will benefit from such a requirement.