Bill Papas’ Xanthi FC shares have been frozen by Greek authorities

Alleged fraudster, Bill Papas, has had his shares in Greek football club Xanthi FC frozen, local Greek media has reported.

According to sdna.gr, the President of Greece’s Money Laundering Authority, Charalambos Vourliotis, has confirmed Papas’ shares have been seized as a result of an ongoing investigation into potential money laundering in Greek football.

READ MORE: Bill Papas the focus of investigation by Australian current affairs show.

READ MORE: Greek authorities confirm Bill Papas owns Xanthi FC.

Papas is still the President and CEO of Xanthi FC, according to the Club’s website.

Papas stands accused in Australia of forging signatures to fraudulently obtain almost $500 million in loans from Westpac and other banks. 

READ MORE: Westpac hits a wall in extraditing Bill Papas from Greece.

Source: sdna.gr.