Bill Papas’ cousin, Eric Constantinidis, added to Westpac’s legal case

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Bill Papas’ cousin, Eric Constantinidis, has been added as a respondent to Westpac’s legal action against the Forum Group founder, The Australian Financial Review (AFR) reports.

This comes as the bank seeks to recover $720,000 transferred via a share trading account that allegedly breached freezing orders.

Mr Papas’ assets were put under a freezing order by the court on June 28, which was extended on July 2, 9 and 16. 

READ MORE: Bill Papas’ cousins Eric and Bill Constantinidis caught up in Forum Finance investigation.

Papas attended a Xanthi FC game in September.

According to the AFR, documents showed that two payments of $150,000 and $570,000 were made into a National Australia Bank account in the name E. Constantinidis on July 4 and July 7.

In September, MinterEllison, on behalf of Westpac, sent a letter to Mr Constantinidis ordering him to pay back the $720,000.

But correspondence with Mr Constantinidis’ lawyer, Bill Parsons of WH Parsons & Associates, said the money was not Westpac’s and was repayment of legal fees paid on Mr Papas’ behalf, as well as money owed to Mr Constantinidis and his companies.

Bill Papas spotted in Greece.

READ MORE: Bill Papas appears at Xanthi FC game in Greece despite arrest warrant.

“Our client was not aware of a freezing order when he received and made the payments referred to above, nor was he aware of the allegations of a trust for the benefit of Westpac Banking Corporation that you allege,” Mr Parsons wrote in a letter, which was submitted to the Federal Court.

Mr Constantinitis has not been accused of being involved in any fraudulent activities, the AFR reports.

Source: The Australian Financial Review.

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