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.
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.
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.
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