Court hears alleged fraudster Bill Papas fled Australia while pretending to be in Perth

·

The Australia Federal Court heard on Tuesday that alleged fraudster Bill Papas fled Australia, despite telling his banker he was on his way to Perth to deal with issues raised by Westpac.

According to The Australian Financial Review, Mr Papas sent a text message on June 15, 2021, to a Westpac asset finance director and said: “Sorry to miss your call. I’m in transit to Perth, the meeting with WesTrac is scheduled for tomorrow afternoon.”

Westpac’s lawyers told the court information obtained from the Department of Home Affairs showed Mr Papas was not in Perth on June 16, but rather flying out of Sydney to the city of Thessaloniki in north-eastern Greece.

Bill Papas.

Mr Papas and his former Forum business partner, Vincenzo Tesoriero, are at the centre of three weeks of hearings after the two men were targeted by a trio of banks over allegations of fraud.

Westpac, Sumitomo Mitsui Banking Corporation, and Societe Generale all claim they were defrauded by the Forum Group over several years.

Sources: ntnews.com, The Australian Financial Review

greek film festival sydney new

Advertisement

Share:

KEEP UP TO DATE WITH TGH

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

Advertisement

Latest News

Kostas Sloukas praises Greek Australian fans as Panathinaikos arrive in Sydney

Panathinaikos BC touched down in Sydney this week for the second leg of the 7th Pavlos Giannakopoulos Tournament.

From family legacy to the Federal Court: A look into Justice Anastasis Liveris’ legal career

In an exclusive interview with The Greek Herald, the Greek Australian judge reflected on how he felt to achieve this major career milestone.

The Greek influence on Australian television

Among the many communities that helped shape TV culture were Greeks, whose presence both on and off screen left a lasting mark.

Critically endangered monk seal welcomes newborn on Karpathos island

The first Mediterranean monk seal (Monachus monachus) birth of 2025 has been confirmed on the island of Karpathos.

Campaigners celebrate as Milos luxury hotel project is halted

Environmental activists have welcomed the suspension of a controversial five-star hotel project on Milos’s world-famous “moon beach”.

You May Also Like

The influence of ‘old’ Greek cinema in Australia

Kathy Karageorgiou writes how, in retrospect, she wishes she had paid more attention to Greek cinema while growing up in Australia.

Mitsotakis visits Greece’s first supervised drugs use site

Prime Minister Kyriakos Mitsotakis visited Greece’s first Supervised Injection Site at the Organisation Against Drugs in Athens on Monday.

Theo Maras replaces Nick Begakis as Adelaide Central Market Authority chairman

Theo Maras has been appointed as chairman of the Adelaide Central Market Authority, replacing businessman Nick Begakis, The Advertiser reports.