ASIC v Noumi (Freedom Foods)
civil penalty13 Sept 2024Penalty $5.00M
Respondent
Noumi Ltd; former CEO Rory Macleod; former CFO Campbell Nicholas
Facts
Noumi (formerly Freedom Foods) admitted continuous disclosure + directors' duties breaches over inventory misstatements + accounting irregularities.
Outcome
Civil penalties; disqualification orders against former officers.
Read the source
https://asic.gov.au/about-asic/news-centre/find-a-media-release/Rules Mate links to the regulator's own publication. We do not republish full decision text. Always verify the latest status against the source before acting.