Clive Palmer Fell Out With Queensland Nickel Administrators When Jet Seized, Court Told

A breakdown in Clive Palmer’s relationship with administrators of his Queensland Nickel business was evident around the time a dispute flared over a private jet, the company’s former financial chief has told the federal court, The Guardian reported. The court hearing by liquidators into the collapse of Queensland Nickel was shown an email stating that FTI Consulting’s John Park had “upset Clive P on the phone this evening” during a conversation about the administrator’s seizure of a Cessna Citation aircraft. Daren Wolfe, the former chief financial officer for Queensland Nickel and its two Palmer-owned parent companies, told the court on Tuesday: “I think it would be fair to say the relationship was becoming strained at that point in time.” The failure of Queensland Nickel after it went into voluntary administration in January left almost 800 workers jobless and creditors owed $300m. Read more. (Subscription required.)
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