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

·

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.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Greek Deputy Minister signals openness to reform after diaspora letter on Honorary Consulate

Greece’s Deputy Foreign Minister for the Diaspora, Ioannis Loverdos, has responded to an open letter about Queensland's Honorary Consulate.

Government urged to act as Armenian and Greek Genocides commemorated in Canberra

The 110th anniversary of the Armenian and Greek Genocides was solemnly commemorated at the ACT Legislative Assembly in Canberra on Tuesday.

Sewn with love: Leah Plakias’ 14-month-long journey towards dress of her dreams

Come New Year, resolutions run awry. Some we keep, others take a back seat. For Leah, 2024 saw her tackle one of her biggest to date.

Pallaconian Association of Canberra marks 25 years with ‘Taste of Laconia’ celebration

The Pallaconian Association of Canberra & Districts celebrated their 25th Anniversary by hosting ‘Taste of Laconia’.

Cypriot Community of Apostle Andrew in Melbourne celebrates 70th anniversary

Over 400 people gathered on Saturday evening, to celebrate the 70th anniversary of the founding of the Cypriot Community of Apostle Andrew.

You May Also Like

The Pandelides triplets reunited after three years to celebrate their 27th birthday

For the first time in three years, Christian, Elana and Andrew Pandelides have been reunited in Melbourne to celebrate their 27th birthday.

Brisbane’s Skye by Pikos reaches new heights with nod to Hellenic heritage

Brisbane’s city skyline is fast evolving, and its newest iconic landmark – Skye by Pikos – has just reached its full height.

Samantha Mostyn appointed next Govenor-General for Australia

Samantha Mostyn has been appointed as Australia's next Governor-General by Prime Minister Anthony Albanese.