by Max Mason, AFR
The corporate regulator has failed to sufficiently prove Jan Cameron’s awareness of or control over a complex scheme designed to keep a shareholding in baby formula company Bellamy’s Australia private, according to her lawyers.
The Australian Securities and Investments Commission has alleged Ms Cameron – through a series of offshore vehicles in Malaysia and the Dutch Caribbean island of Curaçao – controlled 14 million Bellamy’s shares.
Ms Cameron’s defence counsel, Rashelle Seiden, SC, said it was critical that ASIC prove the Tasmanian businesswoman’s awareness of the details of arrangements and loans between her private investment vehicle Bicheno Investments, Malaysian group LENGKAP and Caribbean-based Black Prince Private Foundation in order for it to be said she had done anything wrong.
Read the full story in the AFR.
