Clive Palmer facing new probe by liquidators
IT'S looking like Clive Palmer will end up on the stand over his role in the collapse of Queensland Nickel.
And QNI's books will now be forensically picked over by a group of special liquidators who will focus on political donations made by the company before it keeled over in April.
"Liquidators will pursue all unfair preferences, uncommercial transactions and certain Director related transactions in relation to QNI," a press release from FTI consultants read.
"The liquidators will also review political donations, sponsorship fees, security interests granted to related parties and certain claims against Directors and officers of QNI for breach of duty."
The news comes on the back of a Federal Court victory for the Federal Government which has now successfully applied to appoint FTI Consultants and PPB Advisory as special purpose liquidators.
And as the liquidators were quick to point out after the orders were handed down they now have the power to compel Mr Palmer, his nephew Clive Mensink and former QNI director Ian Ferguson to answer questions on exactly what happened at QNI in the days before it folded.
Justice John Dowsett who handed down the orders in Brisbane today also granted the liquidators the power to inspect the Company's books and records.
The news comes just one day after Mr Palmer - the Federal Member for Fairfax and one time owner of Queensland Nickel - issued a media release saying he'd be suing liquidators FTI for $1.2 billion for allegedly lying in a report and diverting money away from hs companies.
Mr Palmer wants FTI to step aside in order to let the Commonwealth nominated liquidator PPB takeover the job.
"We intend to strenuously defend these allegations from Mr Palmer, if he does in fact commence proceedings," and FTI spokesman told the ABC yesterday.
"Mr Palmer has an extensive track record of using legal proceedings, which is well known.
"We note that he recently commenced a court application against the administrators which he withdrew only hours before the judgement was due to be delivered."
Mr Palmer's office has been contacted for comment.