With less than two day to go before elections, on Thursday, the battle seemed to get bitter. What happens when the media mogul brushes a business tycoon the wrong way; sparks fly. Flamboyant Australian billionaire Clive Palmer, enraged by an article in a local national newspaper, that questioned his credibility and credentials, not only wowed to take the newspaper owner Rupert Murdoch to court, but also called Murdoch's estranged wife Wendi Deng, a Chinese spy.

It all began when Murdoch's flagship newspaper, The Australian, ran the story on its front page. "Why we need to worry about the real Mr Palmer," the article alleged that Palmer was "a man with a history of peddling fantasies that often morph into a unique version of 'reality."

"Contrary to the flim-flam and spin, Clive Frederick Palmer is not a professor, not an adviser to the G20, not a mining magnate, not a legal guru and not an advocate for freedom of speech. He's probably not a billionaire," the article said.

Reports say, according to the latest polls, the Palmer United Party is on track to win a Senate seat in his home state of Queensland.

The Australian article said, if he won the seat, it would allow him to "exert his unsubtle influence in Canberra."

The Australian said, it had spent months examining Palmer's track record. The newspaper is known to back conservative opposition leader Tony Abbott.

Palmer, who made his billions in mining, is also a real estate developer and tourism resort operator, was once a strong supporter of Abbott's Liberal-National coalition. However, following a public dispute last year, he left the coalition to set-up his own party.

In an angry retort, to the newspaper story, Palmer accused Australian-born U.S. citizen, Murdoch, of telling his reporters what to write. He said; Murdoch needed to be brought to account.

"Murdoch will be sued by me today and will be brought to Australia to answer these questions in the Supreme Court," Palmer told the Seven Network.

"It's time this fellow was brought to account, this foreigner who tries to dictate what we do."

In another interview with the Nine Network, Palmer alleged that Murdoch's estranged wife Wendi Deng was a Chinese spy.

"'You know, Rupert Murdoch's wife Wendi Deng is a Chinese spy, and that's been right across the world,'' Palmer alleged

"She's been spying on Rupert for years, giving money back to Chinese intelligence. She was trained in southern China. I'm telling you the truth," Palmer said.

"Wendi Deng is a Chinese spy and that's why Rupert got rid of her."

He continued: "And this guy [Murdoch] wants to control Australian politics. He wants to control what you think."

The Palmer United Party has fielded candidates on the 150 seats in the House of Representatives and 18 seats in the Senate across the eight states and territories. To lure voters, the party has been pushing forward populist messages, which includes slashing taxation.