A supposed good friend of Papas will land in Greece whereas Westpac digs deeper

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His football-colored identification Invoice Papas was joined by his good friend in Greece when Westpac started extending its investigation into an alleged $ 400 million fraud orchestrated by the Sydney man, which the financial institution now believes could have began lengthy earlier than 2018.

Nicely-known sources of the couple’s travels who requested anonymity for authorized causes say Mr Papas and his good friend Louise Agostino are staying in Mr Papas ’seafront residences in Thessaloniki. Ms. Agostino labored for a number of years within the Discussion board’s group of firms and in Mr. Discussion board’s waste firm. Papas, Orca.

Invoice Papas has signed a sponsorship deal between his Jewish membership and Liverpool FC. Credit score:

M. Papas has been in Greece since June, whereas Ms Agostino has just lately left. Ms Agostino has not been charged with any involvement within the alleged Finance Discussion board fraud.

This week The age and Within the Sydney Morning Herald revealed that Mr. Papas owned two residences on Alexander the Nice Boulevard in Thessolinki, overlooking the Aegean Sea.

A number of well-known sources of the couple’s actions have confirmed that Ms Agostino has just lately left Sydney for Greece. Ms Agostino didn’t reply her telephone name this morning, however the tone stated she was abroad. Calls to Mr. Papas’s telephone had been additionally by means of the message financial institution.

Ms Agostino answered the door when press photographers went to the couple’s house in Rozelle earlier this month.

The fraud was revealed when Westpac took pressing authorized motion to freeze the property and provoke a civil declare after uncovering greater than 100 suspected transactions over a three-year interval from 2018 to 2021.

Westpac has accused Discussion board Finance and Mr. Papas orchestrated a fraud on Westpac the place faux invoices and counterfeit companies had been used to acquire Westpac loans with out the consent of at the least seven of the primary financial institution’s company clients.

Nicely-known sources within the financial institution’s investigation say Westpac is now reviewing all of its relationships with Discussion board and its companions relationship again to the corporate’s inception in 2011 amid considerations it might discover different transactions scrutinized.

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