Palmer Watch: Clive's corporate watchdog case continues
Clive Palmer's lawyers are today set to argue in court he has no case to answer over criminal charges brought against him by the corporate watchdog.
The former federal MP's charge of one count of aid, abet, counsel or procure the commission of an offence by another person, levelled by ASIC in April, is set for a hearing in Brisbane Magistrates Court today.
It relates to the unfulfilled 2012 proposal to buy shares of another company that owned properties at his troubled Sunshine Coast resort.
Under corporations law, he was required to make an offer within two months of announcing his intentions, but ASIC claims he failed to do so.
Palmer Leisure Coolum has also been charged with proposing or announcing a bid then failing to make an offer within two months.
Image: Clive Palmer (courtesy Jwmcdonald81, source: Wikimedia commons)