Tinkler faces arrest after failing to stop probes into finances NATHAN Tinkler has failed in his latest attempt to avoid fronting public examinations into his finances and faces possible arrest if he fails to appear before a court tomorrow. The embattled former billionaire yesterday lost a NSW Supreme Court bid to declare examinations into himself and other directors of his failed company Mulsanne Resources an "abuse of process." He is expected to return to Australia from Singapore today or early tomorrow morning. Coal company Blackwood Corporation liquidated Mr Tinkler's Mulsanne Resources late last year after it failed to proceed with a deal to buy a one-third stake in the listed Blackwood for $28.4 million. It emerged yesterday that in negotiating to have the public examinations dropped, Mr Tinkler had late last week offered to pay Blackwood $15m of the debt outstanding. That offer was rejected by Blackwood because Mr Tinkler -- who has a long history of failing to follow through with promises to settle debts -- failed to provide the money or a surety. Mr Tinkler and fellow Mulsanne directors Matthew Keen and Troy Palmer are expected to be quizzed at the public examinations to be conducted tomorrow and Friday by liquidators Ferrier Hodgson. Tinkler Group's corporate counsel Aimee Hyde, who is also a director of several other of the companies in Mr Tinkler's empire, is also expected to be questioned. Mulsanne Resources is little more than a shelf company, but Blackwood is taking action against the Tinkler Group as a whole over the unpaid debt, arguing that it had entered dealings with Mr Tinkler based on his broader business interests, not just on Mulsanne Resources alone. As a result, Blackwood's push to hold public examinations into the broader Tinkler empire is expected to shine some light on the highly secretive business dealings of the businessman. Under the corporations law, creditors such as Blackwood can apply to have a company that owes them money wound up. They can also fund liquidators to hold public examinations of directors over the company's failure to pay its debts and other factors. Mr Tinkler's spokesman, Tim Allerton of City PR, was yesterday forced to revise his earlier claims of Mr Tinkler's whereabouts. After Mr Tinkler failed to appear before the NSW Supreme Court for the proposed public hearings last Friday, Mr Allerton told The Australian the coal entrepreneur had been "around the corner" from the court in Sydney's CBD, but not in attendance.