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Clive Palmer might try to freeze Malcolm Turnbull's assets, court told Clive Palmer might try to freeze Malcolm Turnbull's assets, court told
(11 days later)
Affidavit lodged in supreme court refers to Turnbull’s ‘naming in the Panama Papers’ and advises him not to move his assets
Australian Associated Press
Thu 25 Jan 2018 21.57 GMT
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Clive Palmer may move to attempt to freeze the prime minister’s assets as his legal wrangling with liquidators for Queensland Nickel continues.Clive Palmer may move to attempt to freeze the prime minister’s assets as his legal wrangling with liquidators for Queensland Nickel continues.
In an affidavit lodged in the Brisbane supreme court, Palmer’s lawyer Sam Iskander advised lawyers acting for Malcolm Turnbull and Senator Michaelia Cash not to transfer their assets “outside the jurisdiction of the court”.In an affidavit lodged in the Brisbane supreme court, Palmer’s lawyer Sam Iskander advised lawyers acting for Malcolm Turnbull and Senator Michaelia Cash not to transfer their assets “outside the jurisdiction of the court”.
Among a letter in the affidavit, Iskander indicated a freezing order was a possibility.Among a letter in the affidavit, Iskander indicated a freezing order was a possibility.
“It may be necessary that our client seeks a [freezing] application considering Mr Turnbull’s use of a [Cayman Islands] tax haven, his history and his recent naming in the Panama Papers,” the letter stated.“It may be necessary that our client seeks a [freezing] application considering Mr Turnbull’s use of a [Cayman Islands] tax haven, his history and his recent naming in the Panama Papers,” the letter stated.
Palmer’s latest gambit comes after an application to freeze $16,425,535.54 was lodged against his flagship company, Mineralogy, last August.Palmer’s latest gambit comes after an application to freeze $16,425,535.54 was lodged against his flagship company, Mineralogy, last August.
During an appearance at the federal court in December, Palmer denied the now-collapsed Queensland Nickel was a “cash cow” for Mineralogy.During an appearance at the federal court in December, Palmer denied the now-collapsed Queensland Nickel was a “cash cow” for Mineralogy.
Liquidators have spent months in court attempting to examine how QN failed with debts of $300m, which caused the loss of about 800 jobs.Liquidators have spent months in court attempting to examine how QN failed with debts of $300m, which caused the loss of about 800 jobs.
Clive PalmerClive Palmer
Malcolm TurnbullMalcolm Turnbull
QueenslandQueensland
Business (Australia)Business (Australia)
Panama PapersPanama Papers
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