Bill Papas, the man at the centre of nearly $400 million of fraud allegations, is pleading for money to pay for a ticket back to Australia to face the case against him, as nearly all of the companies within the Forum Group of Companies were placed into liquidation.

On Saturday, The Australian Financial Review revealed the first evidence that Mr Papas is in the coastal city of Thessaloniki, with his girlfriend Louise Agostino, who was until recently in Australia, and was said to be booking the Forum boss a flight back to face the allegations against him.