Nathan Tinkler: arrest warrant issued as former billionaire fails to front SA court   Leave a comment

Nathan Tinkler: arrest warrant issued as former billionaire fails to front SA court

Nathan Tinkler said the failure of his own legal counsel to turn up at this morning’s hea

Nathan Tinkler said the failure of his own legal counsel to turn up at this morning’s hearing was “an oversight on their behalf”. Picture: Jerad Williams Source: News Corp Australia

Controversial businessman Nathan Tinkler has slammed the liquidators behind the issue of an arrest warrant for him today, accusing them of pursuing a “ridiculous and absurd” action.

South Australian Supreme Court judge Steve Roder this morning granted an application from liquidator Anthony Matthews and Associates for an arrest warrant after Mr Tinkler failed to appear at a hearing over his liquidated Patinack Farm Administration.

But Mr Tinkler told The Australian that the liquidators had been aware that he would not be in Adelaide today, and that he and the liquidators had agreed last week that he would offer security over the outstanding debt at the centre of the matter.

“It’s horrific. There’s no fairness or decency,” Mr Tinkler said.

“I’d been liaising with these guys [Anthony Matthews and Associates] all last week, I’d offered them security, it was all fine, and then they refused to return my calls this morning and then made that action. They knew full well that I wasn’t able to be in Adelaide, I’d offered them security for that reason.”

Mr Tinkler said the failure of his own legal counsel to turn up at this morning’s hearing was “an oversight on their behalf”, and he had since appointed a new lawyer in Adelaide to deal with the matter.

He said the new lawyer was in the process of having the arrest warrant lifted.

“My lawyer didn’t turn up to court this morning, it would appear to be a bit of a mix-up and they’ve gone heavy-handed,” he said.

“We’ve now since resolved that and that order is being lifted as we speak. I’m not running from anything, I wasn’t there because I thought this had all been resolved.”

The dispute centres on an amount owed by the employment arm of his failed horse empire Patinack Farm. Mr Tinkler said he had repaid $450,000 of $700,000 owing to the Australian Taxation Office and offered security over the balance after he missed deadline for the remaining payment last month.

Mr Tinkler made a billion-dollar fortune during the boom in coal prices, but lost much of it through a combination of collapsing coal prices and a series of poor investments in ventures such as the Newcastle Knights and Newcastle Jets sports teams and the Patinack Farm venture.

Liquidator Anthony Matthews denied Mr Tinkler’s suggestion that an agreement between the parties had been reached and the matter resolved.

“He should have been there today (Mon),” he said.

“He had plenty of notice and had solicitors acting and then they weren’t acting, so we are quite unequivocal that there was no agreement,” he said.

“I was talking with my solicitor on the weekend about it and it was left that he (Mr Tinkler) had to attend.”

Mr Matthews said while there had been discussions between his solicitor and Mr Tinkler over the weekend, Mr Tinkler could not comply with what the liquidators had put to him.

“There were discussions about some security being offered but there was never any agreement and we still don’t have any details about this alleged security, to suggest there is an agreement is nonsense really,” Mr Matthews said.

Mr Tinkler’s assistant phoned the liquidator’s solicitor this morning to advise that Mr Tinkler would not be attending the court today

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Posted July 21, 2015 by belesprit09 in Uncategorized

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