What’s the SCAM
Why such a tortuous corporate structure? To hide things. Indeed the Caymans company is a dead end in public terms because there is no duty to disclose either shareholders or directors in Cayman Island entities. This is also why it is still not known who the financial beneficiaries are of the controversial $80m sale of Australian water rights to a Caymans company set up by former minister, now Shadow Treasurer Angus Taylor, by the department run by former prime minister Barnaby Joyce.