Palmer blames administrators for sacking Queensland Nickel employees

Clive Palmer has accused the administrators of Queensland Nickel of fudging a report that claims he was reckless and acted as a shadow director for several years.

The federal MP told ABC radio on Tuesday evening the allegations were "false, a lie and not true".

"I didn't have that sort of control," he said.

"I only visited Townsville on three occasions, so that's just simply not true."

In their report released earlier on Tuesday, administrators FTI Consulting said the Queensland Nickel had forgiven more than $189 million in loans to Palmer-owned ventures since 2012.

It also gifted $21.5 million to the Palmer United Party.

Mr Palmer rejected the allegations, saying the refinery was managed by two other companies - Queensland Resources and Queensland Metals - and did not have any of its own assets.

"Queensland Nickel never had any money, it was just a shelf two-dollar company," he said.

Mr Palmer said FTI Consulting had "fudged" the report and instead blamed it for the sacking of more than 500 Queensland Nickel employees.

"None of my employees sacked these people," he said.

"I wanted to keep the refinery going."

The mining magnate said he had been subject to "ridiculous allegations" over the past three years and this was another "storm in a teacup".

"Why don't you wait until it goes before a court," he said, referring to questions about whether he had broken the law.

Mr Palmer's interview came just hours after FTI Consulting's John Park said it appeared Queensland Nickel had acted as a "piggy bank" for Mr Palmer to build his business empire.

The administrators' report claimed Mr Palmer and his nephew Clive Mensink, the sole listed director of Queensland Nickel, had been "reckless in exercising their duties and powers as directors".

FTI Consulting said the company should be liquidated in a bid to help repay some of the $74 million in entitlements that is owed to 787 workers.

Creditors will meet in Townsville on April 22 to vote on the proposal.