Clive Palmer's assets frozen

[Black Orchid]

Queensland Nickel's liquidator has won a Supreme Court bid to freeze Clive Palmer's personal assets in an effort to recover millions of dollars from the 2016 collapse of the north Queensland refinery.

Federal Government-appointed liquidator PPB Advisory sought an injunction in August to restrain the former federal MP from selling or spending more than $200 million in assets.

The freeze also affects more than $340 million in company assets related to Mr Palmer's business activities.

PPB Advisory is trying to claw back $70 million in taxpayer funds paid to sacked Townsville refinery workers.

More than 800 workers lost their jobs when the refinery collapsed.

Justice John Bond granted the order to freeze the assets of Mr Palmer and several of his companies.

Clive Palmer in a suit speaks to the media outside the Supreme Court in Brisbane.

Mr Palmer's lawyers applied for a stay on the freeze order for 21 days, but Justice Bond dismissed the application.

Mr Palmer was not in court for the ruling.

His barrister Dominic O'Sullivan applied to submit a copy of the Australian Financial Review's rich list as evidence that Mr Palmer could pay what was required of him.

The list named Mr Palmer as the wealthiest man in Queensland, with an estimated fortune of $2.84 billion.

Justice Bond said: "You're not going to hand me up the rich list are you?"

Mr O'Sullivan replied: "Yes I am."

Justice Bond asked: "How is that evidence?"

He rejected the rich list application.

In his written decision, Justice Bond said the orders "apply until final judgment or further order in the proceeding".

http://www.abc.net.au/news/2018-05-25/c ... rt/9799036

[Neferti]

Good.

[Outlaw Yogi]

Had to happen sooner or later.
It'll be interesting to see if my 2015 supposition that Palmer could go to gaol/jail comes to fruition.

[BigP]

Damn it was so cold here this morning I thought my assets might freeze

[cods]

Had to happen sooner or later.
It'll be interesting to see if my 2015 supposition that Palmer could go to gaol/jail comes to fruition.

that is my wish too.......he is worse than Bond this guy flaunts his wealth while stealing from his employees....

a real aussie arsehole.