Andrew Crook, Palmer's media spokesman and confidante, was detained during a raid in Brisbane, the tycoon confirmed to the Australian Broadcasting Corporation.
The Queensland Police Service said two men had been charged with "retaliation of a witness, attempting to pervert the course of justice and attempted fraud".
"The charges stem from an elaborate scheme which police will allege was planned partly in Queensland with key elements executed in Singapore and Indonesia before returning to Queensland where the offences were committed," they said in a statement.
Both were granted bail today.
A warrant was issued for a third man, reportedly a multi-millionaire property developer.
Police said that in 2012, the Supreme Court of Queensland dismissed a civil claim against a bank by the third man.
Following the decision, it is alleged that he schemed to trick the bank employee into admitting he had provided false testimony, hiring the other two men to help him.
They lured the National Australia Bank employee to Batam Island off Singapore on the premise that he was going for a lucrative job interview, police will claim, reportedly using Palmer's name as bait.
It will also be alleged that the third man then threatened the bank employee which ultimately led to him making a confessional video before he was freed.
Police said Palmer, whose party wields crucial balance-of-power votes in the upper house Senate, had nothing to do with the incident and was completely innocent.
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