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Palmer Coolum Resort and dinosaurs target in lawsuit

ALMOST every inch of Clive Palmer's business empire is in the firing line of a massive taxpayer-funded lawsuit, including a whopping $67 million debt from his controversial Coolum resort.

The lawsuit, lodged in the Brisbane Supreme Court, has broken down the expenses Queensland Nickel footed for the resort - from a $3787 bill for "dinosaur balls" at the infamous Palmersaurus ­attraction, to more than $1 million in legal fees.

Former politician and mining magnate Clive Palmer arrives at a press conference in Canberra, Thursday, Nov. 10, 2016.Clive Palmer has returned to Canberra ahead of a High Court challenge to laws that can require people who have not been charged to appear in court and to answer questions. (AAP Image/Mick Tsikas)
Former politician and mining magnate Clive Palmer arrives at a press conference in Canberra, Thursday, Nov. 10, 2016.Clive Palmer has returned to Canberra ahead of a High Court challenge to laws that can require people who have not been charged to appear in court and to answer questions. (AAP Image/Mick Tsikas)

The Government-appointed liquidators are seeking up to $350 million from Mr Palmer's businesses to pay back debts allegedly owed to QN, which collapsed last January with a $300 million creditor bill and 800 job losses.

Mr Palmer, whose wealth was estimated at $344 million in May, is also being chased for about $300 million personally to pay his own debts to QN and as compensation for allegedly breaching his duties as a ­director.

Yesterday, he released a statement from his overseas cruise slamming the lawsuit as "just a desperate attempt for the Government to act for political purposes".

More at The Courier-Mail

News Corp Australia

Topics:  clive palmer editors picks palmer coolum resort


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