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!