Clive Palmer is facing a criminal charge after failure to take over a timeshare scheme operating at his golf resort on the Sunshine Coast.
The resort company has been accused of breaching takeover law by proposing a bid for The President’s Club on April 12, 2012 and then failing to make an offer within two months.
Mr Palmer did not appear in court when the matter was heard in the Brisbane Magistrates Court on Friday morning, but issued a statement claiming the charges were politically motivated and promising to fight them.