The last bank of the Japanese giant linked to the Forum Finance scandal


Sumitomo Mitsui could not be reached for comment at time of posting.

Forum Enviro is one of the many companies in the Forum group which is controlled by a director, Mackay Goodwin.

Australian-Greek businessman Bill Papas, who runs Forum Finance, and a number of other companies within the Forum Group of Companies, is expected to return to Australia from Greece, according to his lawyer, who told the Federal Court last week that he would return on Saturday via Japan Airlines.

However, Mr Papas’ location remains uncertain and it is believed he is still in Greece.

the Financial analysis sent a photographer to Sydney International Airport for the arrival of several flights, including the only Japan Airlines flight to Sydney over the weekend, a flight from Tokyo on Sunday morning, as well as a Emirates flight from Dubai on Saturday evening. Emirates is a codeshare partner of Japan Airlines.

Mr Papas was not seen among any of the arrivals who were transferred to buses to quarantine at the hotel.

The whereabouts of Forum Group CEO have been unknown since mid-June, when, according to court documents, he claimed to be in a Perth hospital.

The 49-year-old, who has a partner and family in Australia, is named with Forum Finance in court documents alleging a scheme to defraud Westpac by presenting fake invoices and financing documents.

Sources said the fraud was made possible by the fact that banks such as Westpac had already put loan limits in place to extend debt financing to companies which Forum Finance said were on the other end of the spectrum. their rental contracts.

These include WestTrac, Coles, Woolworths, owned by Seven Group, and the French multinational Veolia.

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