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Grave concerns : Westpac accuses alleged fraudster of lying about assets

‘Grave concerns’: Westpac accuses alleged fraudster of lying about assets We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Westpac has accused colourful soccer identity Bill Papas of lying in court documents . Mr Papas narrowly avoided being hit with contempt of court charges on Friday after he sent a long-overdue list of his assets and liabilities to the Federal Court, related to global freezing orders over his alleged fraud. Despite the threat of contempt charges falling away, Westpac was quick to tell the court it had grave concerns over the accuracy of statements in Mr Papas’ affidavit, accusing the alleged fraudster of lying.

Bill Papas Forum Finance: Alleged fraudster is holed up in Greece

Bill Papas Forum Finance: Alleged fraudster is holed up in Greece
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Westpac alleges 100 fraudulent transactions by Forum, Bill Papas

Save Share Forum Group has been sold by voluntary administrators to a company run by a man described in the Federal Court as a cousin of Bill Papas. Eric Constantinidis is the sole director and shareholder of Our Kloud, the business which has bought Forum Group. Our Kloud has come up in court proceedings launched by Westpac against Forum Finance and Mr Papas. Our Kloud provided Forum computer servers, and Westpac had been unable to get access to them for days after it launched its legal action. Westpac alleges much of the money was used to buy racing cars, boats, jewellery and 94.4 per cent of Xanthi FC through Bill Papas’ Greek entity Mazcon Investments Hellas IKE. 

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