Still no sign of Sydney tycoon, Bill Papas, at centre of $300 million alleged Westpac fraud

·

Bill Papas, the Sydney businessman believed to be at the centre of a $300 million alleged Westpac fraud, is likely still in Greece, The Australian Financial Review has reported.

This news comes despite his lawyer, Rocco Panetta, telling the Federal Court last week that he was scheduled to return to Sydney over the weekend.

READ MORE: Sydney tycoon, Bill Papas, returning to Australia following Westpac fraud allegations.

Westpac’s fraud allegations have been taken to court.

The Australian Financial Review sent a photographer to Sydney International Airport for the arrival of several flights, including the only Japan Airlines flight coming into Sydney over the weekend, a flight from Tokyo on Sunday morning, as well as an Emirates flight from Dubai late on Saturday night.

According to the Australian media outlet, Basile Papadimitriou, also known as Bill Papas, was not seen among any of the arrivals who were moved on to buses to travel to hotel quarantine.

The whereabouts of the CEO of the Forum Group are unknown since mid-June when, according to court filings, he claimed to be in a Perth Hospital.

Bill Papas is at the centre of a $300 million alleged Westpac fraud.

READ MORE: Westpac fraud: Sydney tycoon Bill Papas seen in Greece following fraud investigation.

The 49-year-old is named along with Forum Finance in court documents alleging a scheme to defraud Westpac by presenting false invoices and documents for financing.

The bank says its total exposure could be as high as $285 million and has told the sharemarket it could shave $200 million off the bank’s post-tax profit.

FULL STORY: 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

Victorian football community mourns after the passing of Heidelberg United’s Keely Lockhart

The Victorian football community is in mourning following the heartbreaking news of Keely Lockhart’s tragic passing.

Alexia Apostolakis debuts for Matildas in narrow defeat to Panama

Greek Australian teenager Alexia Apostolakis made her senior debut for the CommBank Matildas on Saturday. Read more here.

Greek government to host online seminar for Greeks abroad on tax, business and relocation

An online information seminar designed specifically for Greeks living abroad will be held on Wednesday, July 9, 2025.

Erin Patterson found guilty of mushroom lunch murders

Erin Patterson has been found guilty of murdering three of her relatives by intentionally serving them a meal laced with deadly mushrooms.

Global Summit of Hellenic Lawyers set to launch in Athens

The world’s most distinguished Hellenic legal minds are set to gather in Athens for the inaugural Global Summit of Hellenic Lawyers 2025.

You May Also Like

Scott Morrison thanks Sydney’s multicultural leaders for supporting COVID campaign

Prime Minister, Scott Morrison, has thanked Sydney's multicultural leaders for supporting the government's COVID campaign.

Greek Government Spokesman Pavlos Marinakis on European elections and the diaspora

Two days before the crucial European elections on June 9th, Greek Government Spokesperson Pavlos Marinakis spoke to The Greek Herald.

Aaron Zerefos jets into Sydney for Bathurst 6 hour

Fresh from sampling a NASCAR in Texas, Porsche racer Aaron Zerefos has confirmed his place on Easter’s Hi-Tec Oils Bathurst 6 Hour.