Australian Mining Magnate Clive Palmer Charged Over Alleged Fraud

Australian mining magnate and former politician Clive Palmer was charged with breach of directors’ duties and fraud for conduct dating back to 2013, the country’s corporate regulator said on Friday.

Palmer, a former member of parliament who ran for re-election unsuccessfully in 2019, allegedly used his position as a director of his mining company, Mineralogy, to gain benefits for two companies, according to the statement by the Australian Securities and Investments Commission (ASIC).