Bill Papas’ business partner launches bid to throw out court case against him

·

Vince Tesoriero, the business partner of alleged fraudster Bill Papas, has launched a bid to have the civil case brought against him by Westpac thrown out because it is “very weak.”

According to The Sydney Morning Herald, Mr Tesoriero is also seeking to stop liquidators from selling two luxury properties in Wagstaffe on the NSW Central Coast that are jointly owned via a trust by him and Mr Papas.

READ MORE: Record price expected for Bill Papas’ waterfront holiday home.

Westpac and two other lenders, Société Générale and Sumitomo, have filed Federal Court civil action alleging Mr Papas and his company Forum Finance orchestrated a $500 million fraud against the banks.

Westpac has accused Mr Tesoriero of being part of the conspiracy with Mr Papas to commit the fraud against the bank and knowingly assisting Mr Papas in conducting it.

READ MORE: Westpac to launch court action in Greece against Bill Papas.

Counsel for Mr Tesoriero, Paul Hayes, QC, told the Federal Court the case against his client was “largely” circumstantial.

Justice Michael Lee said the court would hear Mr Tesoriero’s application to have the case against him thrown out on March 10.

Source: The Sydney Morning Herald.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

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

Advertisement

Latest News

2,500-year-old Greek Illyrian helmet discovered in Croatia

In a ground-breaking archaeological discovery at the site "Gomila" in Zakotorac on Croatia's Pelješac Peninsula, the Dubrovnik Museums team has uncovered a remarkable find,...

Demi Koulizakis: The ‘Cretan soul’ leaving her mark at Sydney Olympic FC

By Takis Triadafillou Sydney Olympic FC’s star signing Demi Koulizakis has been on fire topping the National Premier Leagues Women’s NSW golden boot race with...

Things you didn’t know were vegan to eat this Orthodox Easter

As Holy Week quickly approaches, Greek Orthodox Christians prepare for their journey of spiritual devotion and reflection for Easter. This year, Orthodox Easter falls on...

The role of Greek godparents at Orthodox Easter

Are you a first time nouna or nouno (godparent) curious about your duties this Orthodox Easter? Don’t worry, The Greek Herald’s got you covered. In...

Why we don’t celebrate Orthodox Easter at the same time as Catholics

Have you ever wondered why we celebrate Easter on a different day to the Catholics? Believe it or not, it’s not because we want 50...

You May Also Like

Police officer injured during protest against police violence in Athens

Greek police said an officer was seriously injured in the head as clashes broke out Tuesday evening at a protest of some 5,000 people...

Police recover stolen Picasso and Montrian paintings in Athens after nine years

Almost nine years after they were stolen in a near-perfect heist at the National Gallery in Athens, Pablo Picasso’s “Head of a Woman” and...

Antique dishes commonly found in Greek households now selling for thousands online

Every Greek remembers seeing these dishes at their yiayia and papou's house, or maybe you have one yourself! The 1970s-style porcelain cooking-ware has made...