Greek business partner of Bill Papas denies involvement in 500m fraud

·

Anastasios Giamouridis, a business partner of Bill Papas, in documents filed in the Federal Court said that he “did not know of, nor participated in a sheme,” concerning the alleged fraud of Forum Group issuing fake invoices, The Australian reports.

Mr Giamouridis, whose statement comes as an attempt to avoid paying 10m refund for the manufacture of food digestion machines, confirmed being a 1 per cent shareholder in Mazcon, Bill Papas’ business, which Westpac alleged of receiving funds from the fraud.

The bank supports that Mr Papas and Vincenzo Tesoriero were allegedly masterminds of a lease contract scheme. Westpac claims that Mr Papas used part of the funds for his waste disposal business Iugis, which according to the Australian, he planned to grow into a $1bn business focused on disposal technology and food digestion machines.

Forum Finance director Bill Papas and Liverpool FC managing director and chief commercial officer after inking the deal to sponsor the team with the Iugis brand. Photo: The Australian

Mazcon was also involved in the purchase of Greek football team Xanthi, by Mr Papas, in a 15m deal and Giamouridis was for a short period, chief executive of the team. Westpac claims that Mr Papas purchased many properties, companies and a football team, in a move funded by him sending millions to Greece.

The bank claims that Mr Giamouridis received millions in order to manufacture and store thousands of waste digestion machines for Bill Papas. The answer from Mr Giamouridis’ lawyers came in the court, mentioning that “he denies receiving payments from (Forum Group) which he had no legitimate basis to receive.”

“The funds were used to acquire assets, namely prototypes for food digesters and food digests, but not to acquire the jointly owned real property nor the Tesoriero real property,” they wrote.

Westpac earlier claimed Mr Giamouridis received some $10.7m from Forum between June 2019 and December 2020. In his defense, he answered that he had “no notice that the funds were fraudulent obtained … nor that the funds were infected with any wrongdoing.”

Source: The Australian

Advertisement

Share:

KEEP UP TO DATE WITH TGH

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

Advertisement

Latest News

Greek Orthodox Archdiocese of Australia backs call for calm after Sydney bishop terror attack

NSW Premier Chris Minns and NSW Multicultural Minister Steve Kamper convened a meeting on Tuesday for faith leaders in the community following the attack...

Greece becomes first country in Europe to ban bottom trawling in marine parks

Greece has become the first country in Europe to prohibit bottom trawling in all national marine parks and protected areas. Bottom trawling by industrial boats...

Paris 2024 torch officially lit in ancient Olympia

The Olympic torch embarked on its journey to Paris from the Greek birthplace of games, Ancient Olympia, following the official flame lighting ceremony on...

Fifty years strong: Celebrating the enduring legacy of Modern Greek at Sydney University

The Department of Modern Greek at the University of Sydney marks its milestone 50th anniversary this year and to celebrate, more than 100 past...

HACCI SA celebrate one year since revival with annual Parliament House event

By Peter Tantalos The South Australian Hellenic Australian Chamber of Commerce and Industry (HACCI SA) commemorated the first anniversary of its revival by hosting its...

You May Also Like

Greek PM agrees to hold talks with Libya over maritime border demarcation

Greece and Libya are to discuss delineating maritime boundaries in the Mediterranean, the Greek Prime Minister’s office said on Wednesday, after a meeting between...

Erdogan on his visit to Cyprus: ‘Turkey does not accept instructions from anyone’

Turkish President Recep Tayyip Erdogan slammed the leadership of the European Union on Friday for advising him to keep a low profile during his...

Greek Culture Ministry selects ‘Behind the Haystacks’ for Oscars nomination

The Greek Culture Ministry has announced the selection of Behind the Haystacks as its Greek nomination for the foreign language film category of the...