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Money & Banking

"It’s my money": Clive Palmer defends actions in trainwreck Leigh Sales interview

Queensland businessman Clive Palmer has claimed he is the victim of a “political witch hunt” as he clashed with ABC’s Leigh Sales.

On Friday, the Queensland Supreme Court ordered the billionaire’s personal assets, worth $205 million, to be frozen in an effort to recover millions of dollars from the 2016 collapse of Queensland Nickel.

In a heated interview on 7.30, Mr Palmer says he did not owe his former employees any money.

Within seconds of the interview beginning, Mr Palmer, on the offensive, warned Sales to “keep quiet” if she wanted the interview to continue after she asked him why creditors were not paid out millions after the collapse of Queensland Nickel.

“If you want to continue the interview, I suggest you keep quiet,” the billionaire businessman told Sales.

Mr Palmer angrily defended his decision to pay his nephew, former Queensland Nickel director Clive Mensink, $4000 a week while 800 former Queensland Nickel staff claim they’re still owed money.

“As you know, I have assets of $2.9 billion here in Australia,” he told the ABC.

“I’ve never moved any assets offshore. I support this country. I believe in the people.”

Mr Mensink fled to Bulgaria after the collapse of Queensland Nickel.

“It’s my money, he’s my nephew, if I want to pay him $1 million a week, I will. I earned my money hard, I haven’t borrowed from anyone, I’ve got no mums and dads investors,” Mr Palmer told Sales.

“This is all about a witch hunt, about me as an Australian daring to challenge the two ruling parties of this country who work hard to keep you, the people of Australia down. It’s a political witch hunt.”

Former Queensland Nickel employee Sam Larkin told the ABC the collapse of the company had ruined the Townsville community.

“It’s ripped $300 million out of the Townsville community. It brought the place to its knees and it was in bad place to begin with. He’s done nothing to help that,” she said.

Bede Harding, of the Australian Workers’ Union, told 7.30 the town was still feeling the effects of the collapse.

“Employees have found it hard to find good, consistent jobs in the Townsville market so we see a lot of our former members in very precarious employment,” he told 7.30.

Tags:
News, ABC, Leigh Sales, Clive Palmer