Asic charges former Bellamy's director for failing to disclose shares before ASX listing

Watchdog says Jan Cameron failed to disclose full interest in infant formula company when it listed in 2014

The corporate watchdog has charged former Bellamy’s director Jan Cameron with masking what it alleges is her true stake in the infant formula business via a mysterious offshore investor in the firm.

The Australian Securities and Investments Commission said on Friday it was charging the Tasmanian businesswoman, 67, with failing to disclose 14 million Bellamy’s shares she owned via her Curacao-domiciled associate The Black Prince Foundation when the company went public in August 2014.

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from The Guardian https://ift.tt/2So3gHS
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