GOLD Coast billionaire MP Clive Palmer is being ordered to explain where $12m has gone.
The Palmer United Party leader could face arrest unless he fronts a secret arbitration hearing with chequebook stubs that show how he spent the sum.
News.com.au reports, a Chinese company has accused him of taking the money during last year’s election campaign.
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Sino Iron yesterday swamped the Queensland Supreme Court with 15 applications, including a personal subpoena for the federal politician, demanding he produce butts for two cheques numbered 2046 and 2073.
The National Australia Bank has also been subpoenaed in relation to the same cheques, which relate to the withdrawal of $10m on August 8 and $2.167,050 on September 2.
The chequebook belongs to Mr Palmer’s parent company, Mineralogy Pty Ltd.