Court hears about complex web of companies as former Bellamy's director Jan Cameron faces Hobart court

Former Bellamy's director Jan Cameron used a complex web of companies to quietly control a 14.74 per cent stake in the baby formula giant, Hobart Magistrate's Court has heard.The prosecution alleges the Kathmandu founder engaged in "share-warehousing"Ms Cameron, the millionaire businesswoman who also founded Kathmandu, has appeared in court for the first day of her hearing into criminal charges laid by the Australian Securities Investment Commission .

The prosecution told the court that Ms Cameron engaged in "share-warehousing," or holding an interest in a company through entities or other arrangements without their name being directly linked to the holding. Despite rules that substantial shareholdings be disclosed within two business days, ASIC alleges Ms Cameron did not make any such disclosure.

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