Not a nickel spared as Clive Mensink travels the world
It’s a distant places extravaganza of which 800 sacked Queensland Nickel refinery employees ought to handiest dream.
As liquidators select over the organization’s entrails, former managing director Clive Mensink is on the other facet of the sector on a multi-country jaunt which has made him unavailable to be served with a summons to present proof to a public examination of the corporate disintegrate in the Federal Courtroom.
Mr. Mensink is on what some would see as the vacation of an entire life and when you consider that he left the country in June, has travelled to Singapore, America — where he drove the fabled Path 66 — Germany, Amsterdam, and London.
The Australian has found out Mr. Mensink, the nephew of Queensland Nickel proprietor Clive Palmer, has no definitive plans to return to Australia and isn’t believed to have booked ago back airfare.
His decision to take a world excursion, with no end date, comes because the corporation he led is beneath intense scrutiny from the company watchdog, the federal government, and directors.
Liquidators have to date failed to serve him with criminal papers that would require his attendance at Courtroom. The Australian government has no reason to demand his return.
ASIC launched a research into Queensland Nickel in July, operating with liquidators FTI Consulting to explore its monetary reports, the money owed to creditors and donations from the organisation to the Palmer United Celebration.
Meanwhile, the federal authorities appointed unique reason liquidators PPB Advisory to try to get better the nearly $70 million in sacked people’ entitlements paid for with the aid of taxpayers, no longer Mr. Palmer.
Each FTI Consulting and PPB Advisory were not able to find Mr. Mensink to serve him with a summons to appear in Court docket to solution questions about the organization’s fall apart.
Queensland Nickel went into voluntary management in January, and then liquidation, with money owed of $300m.
The 800 people from the Yabulu nickel refinery have been sacked and lenders, which include rail services and freight organization Aurizon, have no longer been paid their payments.
In the course of December, while employees have been fearing redundancy within the shadows of Christmas, Mr. Mensink travelled foreign places on enterprise meetings. In advance this yr, he’s understood also to have holidayed in Bangkok.
He flew again in June. a few buddies and pals declare he become nonetheless seeking investment for Queensland Nickel. But, he in no way lower back.
The Australian is familiar with Mr. Mensink landed first in Singapore and from there flew to America, wherein he drove on Route sixty-six, which runs from Chicago and La.
He next flew to Germany, and then to The Netherlands in which he’s understood to have frolicked in Amsterdam, earlier than touring to London.
Mr. Mensink did no longer go back calls from The Australian yesterday.
He has formerly criticised FTI Consulting, announcing the liquidators didn’t serve him with a summons before his prearranged journey.
“I used to be in Australia at my workplace and the time expired for the carrier of a summons,” Mr. Mensink said.
“I wasn’t served and there was no exam, I wasn’t going to stop my ride.
“FTI has had because the 18th Can also to take out a summons and serve it according to with the Businesses Regulation and they didn’t achieve this.’’
Humans near the Queensland Nickel situation suspect that Mr. Palmer might be funding Mr. Mensink’s round-the-world trip.
Mr. Palmer has denied he had any obligation for the hundreds of employees who lost their jobs or the handfuls of lenders who’re owed $300m.
The previous flesh-presser has stated he formally retired from commercial enterprise activities in 2013 when he become elected to federal parliament, and he said Mr. Mensink changed into the refinery operator’s director.
ASIC is investigating claims, which Mr. Palmer denies, that he changed into appearing as a “shadow director”, the use of a private email account and still signing-off on agency costs.
The Federal Court the day prior to this changed into informed by Queensland Nickel’s former leader financial officer Daren Wolfe that Mr. Palmer turned into concerned in decisions now not to pay creditors when the agency become jogging out of money last year.
Asked via PPB Advisory’s barrister, Tom Sullivan Quality controls, if Mr. Mensink could defer to his uncle’s perspectives on paying creditors, Mr. Wolfe stated: “Typically sure.”
He said he could not do not forget any specific occasions last year while Mr. Mensink refused to abide with the aid of Mr. Palmer’s choices.
Mr. Wolfe, who stated he pronounced at once to Mr. Mensink and Mr. Palmer, advised the Court there were signs Queensland Nickel become jogging out of cash in July last 12 months while Aurizon turned into underpaid and customs responsibilities have been no longer paid to the Australian Taxation Office.