You know it’s getting to the silly season when…..


The Deputy Premier John Barilaro used taxpayers money to pay a fee to a private equity firm, registered in the Cayman Islands to advise him to invest $3.3m into a beef company that the private equity firm already owned!

The private equity firm, ROC Partners collected the fee after it identified a West Australian based Wagyu beef company, Stone Axe Pastoral as the first investment for Mr Barilaro’s $150m Go NSW Equity Fund. 

The Deputy Premier refuses to reveal how much he paid for that advice, but NSW taxpayers have invested $3.3m in the company.

Mr Barilaro has used taxpayer funds to pay a finder feee to a company that is registered in a tax haven.  What could possibly be wrong with that!

https://www.smh.com.au/politics/nsw/government-defends-buying-3-3-million-stake-in-wagyu-beef-farm-20180904-p501nv.html

 

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