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.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Waterhouse family business launches court action over airport land zoningRacing dynasty’s business mounts challenge against NSW Planning Minister over zoning decisions for site embroiled in ICAC investigation into Daryl Maguire. carriefellner More diversions from ICAC & Gladys corruption … carriefellner When u mention Waterhouse? In Sydney’s murky underground characters , it stands out , it’s unexplained wealth and influence has a lot to be explained?
Source: smh - 🏆 6. / 80 Read more »