AUSTRALIAN businesswoman Jan Cameron has been charged by the Australian Securities and Investments Commission (ASIC) over her stake in organic infant formula and baby food producer Bellamy's.
Formerly one of Australia's five richest women, Cameron could now face five years prison after ASIC brought changes against her for alleged nondisclosure of investments in Bellamy's.
The independent government body claims the venture was hidden from the public through a shelf corporation called Black Prince, located in the Caribbean island of Curacao.
Bellamy's was last year acquired by Chinese dairy company Mengniu, which netted as much as $300 million for Cameron, who sold her stake.
She will soon appear before Hobart Magistrate's Court.
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