The billionaire was due to personally argue his case in the Supreme Court on Wednesday in a bid to avoid criminal charges laid by ASIC. ClivePalmer covid19
Queensland businessman Clive Palmer was unable to personally argue his case in the Supreme Court on Wednesday because he has contracted COVID-19.. A spokesman at the time said Mr Palmer was “just being tested”.Mr Palmer was absent from the Supreme Court on Wednesday as it heard two of his cases, one in which he was meant to represent himself.
Mr Palmer was charged by the corporate regulator in July 2020 with two counts each of dishonestly using his position as a director and fraudulently gaining a benefit. According to ASIC, these charges carry a combined jail term of 10 to 17 years.The ASIC charges relate to the transfer of more than $12.1 million by Mr Palmer between August 5, 2013, and September 5, 2013, through his company Mineralogy.
“The funds were held by Mineralogy pursuant to existing agreements with other companies. The transfer and ultimate use of the funds was not in accordance with those agreements.“Media Circus was engaged by the Palmer United Party [now the United Australia Party] to run its marketing and advertising campaign for the 2013 federal election.”Mr Palmer took legal action in June 2021 with the aim of preventing the ASIC charges from proceeding in the Brisbane Magistrates Court.
He was seeking a declaration that the proceeding was “beyond the jurisdiction of the Magistrates Court” and the court summoning him to answer ASIC’s complaint “was unlawful”.
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