Commonwealth prosecutors feared a man, accused of insider trading, would leave and not return to Australia, having discovered he had a one-way ticket overseas.
Cameron Waugh appeared in Perth’s Stirling Gardens Magistrates Court on Wednesday, where he’s facing six charges of insider trading.
Seeking a 12-week adjournment, Crown prosecutor Rhionagh Rowley said the socialite’s bail conditions specifically prevented him leaving the country.
Prosecutors discovered he had a one-way ticket to South Africa dated for the same day as his dramatic arrest, which Ms Rowley described as an “extreme concern”.
Source: Accused insider trader had one-way ticket, considered flight risk | PerthNow