Kathmandu founder Jan Cameron has escaped with an $8000 fine after being found guilty of using an offshore corporate structure to hide that she controlled 14 million shares in baby formula group Bellamy’s Australia.
The Australian Securities and Investments Commission sued Cameron in February 2020 for her use of the Black Prince Private Foundation, an entity based on the Caribbean island of Curacao, a known tax haven.
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Max Mason covers financial crime, courts and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
