Clive Palmer faces up to five years in jail after being charged with fraud and dishonest use of his position as a company director over the funding of his political party.
Mr Palmer was charged following an investigation by the Australian Securities and Investments Commission (ASIC) into the activities of Mr Palmer’s businesses and his political party the Palmer United Party.
ASIC alleges the improper transfers took place in the weeks ahead of the 2013 election in September.
After an advertising blitz in the lead up to the election, Mr Palmer swept into parliament securing a seat in the house of representatives as the member for Fairfax on the Sunshine Coast seat while the Palmer United Party snared two senate… [Read more]
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