To facilitate the fraudulent concealment of litigation revealing Post’s violations of U.S. antitrust laws Vitaco CEO Ryan D’Almeida conspired to conceal the Musashi brand Court proceedings from the Vitaco IPO prospectus.
Mr D’Almeida completed the Vitaco IPO on the ASX on 11 September 2015 in breach of the Corporations Act 2001 for non-disclosure of the Court proceedings in the prospectus.
Seven months later on 21 April 2016 Sydney Morning Herald business editor Simon Evans stated:
“Vitaco goes from glamour stock to a puny weakling in just five months; and the Vitaco share price has halved since late November when it was sitting above $3. It has steadily fallen lower to a point where it is now hovering just above $1.50.”
In December 2016 Shanghai Pharma and private equity firm Primavera Capital acquired Vitaco and delisted the company from the ASX.
Mr D’Almeida was dismissed in February 2018 and went onto find work at the Lynch Group for 17-months before moving to Hive & Wellness Australia in October 2019.
To cover up Vitaco’s breaches of the Corporations Act 2001 Bennett J conspired to make orders detailed in section 16.
A-SASHI STORY 