Turnbull family company loses lawsuit after judge finds former PM’s son’s evidence ‘unreliable’

Alex Turnbull launched legal action over $8m he claimed to be owed by Russel Pillemer, his father's longtime friend and business partner

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The son of former Australian prime minister Malcolm Turnbull has lost a court battle to secure up to $8m he claims he was owed by a former business partner, with the court finding Alex Turnbull's evidence was inconsistent" and unreliable".

The younger Turnbull and Russel Pillemer, a longtime friend and former business partner of the former prime minister, had been in business together through investment firm Pengana Capital, but it ended in 2016 with Alex Turnbull seeking to exit the investment at a time when NAB was selling its stake in the company.

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