Surge in pandemic insurance claims
Claims on the NSW insurance fund behind the Opera House, Taronga Zoo and the state’s galleries are likely to grow as Sydney’s lockdown seems set to drag on.
Claims on the NSW insurance fund behind the Opera House, Taronga Zoo and the state’s galleries are likely to grow as Sydney’s lockdown seems set to drag on.
A Federal Court judge has labelled the affairs of equipment leasing group Forum Finance a ‘calculated and elaborate’ fraud.
Forum Finance and its chief, soccer identity Bill Papas, will square off against Westpac in the Federal Court on Friday on serious fraud allegations.
The $185m sale of AMP Capital’s Global Equities and Fixed Income business to Macquarie comes amid AMP demerger plans.
Forum Finance boss Bill Papas will not divulge his whereabouts to his solicitor, but will return to Australia to confront allegations of fraud.
Forged signatures, missing goods, and a disappearing Forum Finance chief, who may be in Greece, feature prominently in damning fraud allegations against the leasing group.
Covid led to cuts, but the heads of the nation’s top 50 companies still took home a median wage of more than $5m.
Westpac has been unable to locate the key figure at the heart of a $293.4m alleged fraud that has caught up some of the biggest names in corporate Australia.
A demerged Tabcorp wagering and media business will likely pursue partnerships with ASX-listed Betmakers.
More than $240m in compensation was paid back to customers lodging disputes with banks, insurers, super funds and investment firms.
Original URL: https://www.theaustralian.com.au/author/david-ross/page/168