Alleged fraudster and Forum Group figure, Bill Papas, has appointed his girlfriend, Louise Agostino, to the board of Xanthi FC as a director, The Gold Coast Bulletin reports.
Mr Papas has also been confirmed as managing director of the sports club.
These appointments come regardless of attempts by Westpac to freeze the assets of Papas and Agostino and seize the club.
READ MORE: Bill Papas sets Central Coast record as holiday home sells for over $13.5 million.
In early February, the Greek Professional Sports Committee ruled that Mr Papas owned Xanthi FC, despite providing evidence to Westpac that he had sold his stake.
READ MORE: Greek authorities confirm Bill Papas owns Xanthi FC.
The committee had ruled “there was no illegal transfer of the shares” and “the data so far do not show the illegal origin of the money, which was allocated for the increase of the share capital of PAE Xanthi.”
Westpac are pursuing both Papas and Agostino as part of allegations the two were key to a nearly $400 million lease fraud scheme that has also captured Societe Generale and SMBC.
Source: The Gold Coast Bulletin.
