Greek government authorities have begun investigating the ownership status of Bill Papas’ Xanthi FC, after the Forum Group founder claimed he had sold the investment vehicle which housed his shares in the Greek Super League 2 side.
It comes as Westpac successfully sought orders for a raft of new Papas-related entities, including vehicles in Greece and the United Kingdom, to be added to its claims of fraud. The Federal Court of Australia also heard on Wednesday that Mr Papas’ solicitor has sent a notice to the Forum chief executive that he will no longer be working for him.
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Max Mason covers financial crime, courts and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
