Billionaire Sam Arnaout’s private company Iris Capital has been able to keep its soaring gambling profits a secret by not filing annual financial reports to ASIC, a move governance experts say should be investigated by the corporate regulator.
Their comments shine a spotlight on how some of Australia’s richest people are able to structure their private companies to avoid public scrutiny of their financial position.
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Primrose Riordan covers private companies and family offices from the AFR's Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Primrose has won multiple awards for her journalism including from The National Press Club, SABEW in the US and Press Gazette in the UK. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com
