Alex Turnbull Investigation –The Turnbull family reportedly lost a high-profile court case which was brought against a fund manager and his long-time business associate by the name Russel Pillemer, after a long investigation was done on the case, following the initial case report while saw the case as fragile and as a result, made the judge look into the case strictly to ensure fairness and right judgment to be pronounced. after a thorough investigation was done, the judge found that the evidence given by the former prime minister’s son was unreliable and he had a willingness to lie during the cross-examination.
Alex Turnbull, the son of former prime minister Malcolm Turnbull, In 2020, Malcolm Turnbull’s son Alex filed a lawsuit in the Supreme Court of New South Wales seeking $12 million, with regards to a prior cash payment of a loan made to a business associate in respect of pendant in 2017 which saw the case lingered for a long time and upon the period which the case still on more information’s were gathered for an easy conclusion as it gave time for evidence and proof. as Turnbull claimed he was not intentional about his claims, adding that he was misled into accepting the cash payment of the loan.
He further alleged that Pillemer persuaded the family business to accept cash instead of Pengana stock before disclosing to them that Pillemer was in talks about a potentially profitable merger with another company. The Turnbulls said that if they had known about the deal, they would have sought company shares with a much higher end value than the money they had been given. In the legal dispute, there were claims that the high-flying Turnbull family had not properly disclosed assets and that the younger Turnbull had bullied Pillemer.