Clive Palmer Facing Contempt Of Court Charges
He failed to show up in court.
Lawyers for the administrators of Clive Palmer’s financially insolvent company Queensland Nickel say they will seek to have the mining magnate and former federal MP found in contempt of court if he fails to hand over crucial documents.
The documents were due to be handed over in the Federal Court on Friday, but Palmer’s lawyer was unable to do so even this morning, the ABC reports. Palmer failed to show up for a court appearance yesterday.
Earlier today, AAP reported that liquidators would seek an arrest warrant for Palmer, but that report has now been withdrawn.
Queensland Nickel collapsed last year after racking up hundreds of millions of dollars of debt. Eight hundred employees were dismissed and corporate administrators have been trying to offload the company’s assets in order to repay debtors. They’ve also been trying to get their hands on Palmer’s private assets to try and pay Queensland Nickel’s bills. That’s a move Palmer has been trying to fight off, culminating in today’s drastic escalation.
According to reports Palmer has said he is “not concerned” about the application and claimed he wasn’t given enough notice of yesterday’s court hearing.
This morning Palmer tweeted “Grog dog is a good friend”.
Grog dog is a good friend
— Clive Palmer (@CliveFPalmer) November 30, 2017
More to come.