Clive Palmer blamed the Chinese government for his financial anguishes. This comes before the critical report into the crumpling of his north Queensland nickel refinery.
Palmer has projected his r-election hopes by appealing to Australians’ fears about Asian investment. Palmer campaigned in 2013 as a thriving businessman and campaigner of Australian-Chinese relations. However, he is now pledging his reelection on claims that “foreign powers” were “trying to control our country.”
Palmer was asked if he would again campaign on his business record. In response, Palmer said he was “the only person who stood in the breach” against intruding Chinese control in Australia.
“As you know, over the last three to four years, the biggest projects that the Chinese government’s ever developed – a $12 B project,” he said.
— Clive Palmer (@CliveFPalmer) April 12, 2016
He added that one of his projects in Western Australia has been closed due to battles in the courts. The court has refused to pay them and Australia the revenue they have been entitled to, says The Australian.
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“If they’d done that there would have been plenty of funds available for people in north Queensland,” he said.
“I am the only person who stood in the breach. We’ve had foreign powers trying to control our country.”
According to him nearly 8 per cent of Australia, other than crown land, is controlled by companies directly related to the Chinese government.
— Clive Palmer (@CliveFPalmer) April 11, 2016
The long-awaited report on Palmer’s Queensland refinery came out this morning. It was released by voluntary administrators FTI Consulting.
The report states that creditors are being insisted to settle the cash-strapped company at a meeting next Friday.
The report, by administrator FTI Consulting, is understood to confirm disclosure that Palmer secretly ran the problematic refinery near Townsville. It also said that the north Queensland refinery was run by him for years under the alias Terry Smith.
According to Palmer, there was nothing apprehensive about his use of an alias “Terry Smith” to issue instructions by e-mail. He also claimed he used the name to book restaurants to avoid drawing attention.
However, Palmer’s claim about the extent of Chinese government ownership could not be verified, says ABC News.
China has about 4.4 percent of Australia’s total stock of foreign direct investment in 2014, while 23.7 percent has been accounted for the United States.