Macdonald's Obeid claims 'something out of a novel'

EDDIE Obeid's son has likened claims former Labor minister Ian Macdonald made major mining decisions to benefit his family as something out of a "Hans Christian Andersen novel".

Paul Obeid told a corruption inquiry on Wednesday that while his family was linked to several mining companies, Mr Macdonald had not purposely approved exploration in areas where they owned properties.

He also retracted a statement he made during a private preliminary hearing last year that chiefs at Cascade Coal, which won the tender in the region where the family owned farms, "knew they were dealing with Obeids" when a front company negotiated a 25% stake in the deal.

He claimed he had been under pressure at the time.

According to the Herald, the Obeids later sold their share for $30million and were currently demanding Cascade pay a further $30million.

Mr Macdonald was expected to take the stand on Thursday but his name has been transferred to Monday's witness list.

Topics:  eddie obeid ian macdonald inquiry

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Grabowsky reinvents Lior on stage

Israeli- born, Australian musician Lior.

Musicians are coming to the Northern Rivers

Enova energises local power at Expo

Lismore Heights Primary School kids were excited to be photographed with Mike Haydon and some of Lismore's solar powered and electric vehicles in lead up to Enova Energy Expo at City Hall.

Enova energises local power at Expo

Need to Eat The Street and be safe in the street

Need to Eat The Street and be safe in the street

Local Partners