Mr Papas has been in Greece since June,while Ms Agostino recently joined him. Ms Agostino has not been accused of any involvement in the alleged Forum Finance fraud.
This weekThe Age andThe Sydney Morning Heraldrevealed Mr Papas owned two apartments on Alexander the Great Boulevard in Thessolinki overlooking the Aegean Sea.
Multiple sources aware of the couple’s movements confirmed Ms Agostino recently left Sydney for Greece. Ms Agostino did not answer her phone this morning but the dial tone indicated she was overseas. Calls to Mr Papas’s mobile also went through to the message bank.
Ms Agostino answered the door when press photographers went to the couple’s home in Rozelle earlier this month.
The fraud was revealed when Westpac took emergency court action to freeze assets and begin a civil claim after discovering more than 100 suspect transactions over a three-year period from 2018 to 2021.
Westpac has accused Forum Finance and Mr Papas of orchestrating a fraud on Westpac where false invoices and forged signatures were used to obtain Westpac loans without the consent of at least seven of the major bank’s corporate clients.
Sources aware of the bank’s investigations say Westpac is now reviewing all of its dealings with Forum and its partners dating back to the company’s inception in 2011 amid concerns that other rogue transactions may be found.