Forum Finance chief executive Bill Papas’ intention to travel to Greece to watch his club Xanthi FC play in a crucial play-off was reported in Greek media a day before a chance call between Westpac’s banker and its client WesTrac led to the discovery of an alleged $200 million fraud.
Multiple Greek news outlets, translated by The Australian Financial Review, reveal in reports from May 25 that Mr Papas was planning to travel to Greece. In September 2020, Mr Papas invested in Greek club Xanthi FC, which plays in that nation’s second division.
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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
