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Outcome of Clive Palmer's court grilling

AAP logoAAP 9/09/2016

CLIVE PALMER GRILLED ON QUEENSLAND NICKEL COLLAPSE

WHO: Clive Palmer - former federal MP, mining magnate, billionaire.

WHAT: Queensland Nickel went into liquidation in early 2016, $70m in taxpayers' funds used to pay out almost 800 axed Townsville refinery workers.

WHERE: Mr Palmer quizzed by liquidators in Brisbane's Federal Court about his involvement in management of QN.

THE REVELATIONS:

- Mr Palmer often held meetings with himself about QN.

- He used a pencil to jot down critical decisions in an old green diary that few others saw.

- He repeatedly denies he was "personally" controlling day to day operations such as contract approvals.

- Nephew and QN's sole director Clive Mensink often sought Mr Palmer's advice on day to day operations such as contract approvals.

- Mr Mensink is somewhere in the Arctic on a cruise from Berlin to St Petersberg and is wanted for questioning by liquidators.

THE QUOTES:

On meetings: "I had a meeting with myself on that day... not my musings, it was a serious matter"

On management of QN: "I haven't made any decisions"

Again on management: "You think I'm heavily involved because I've approved one contract - absolute rubbish!"

To lawyer asking questions: "Lift your game"

WHAT NOW: Mr Palmer will continue to give evidence on Monday. He will try to contact Mr Mensink over the weekend.

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