General
Westpac loses $290 million to ‘long-running’ and ‘calculated’ fraud
Westpac says it has fallen victim to an “elaborate fraud” which cost the bank more than $290 million.
Key points:
- Westpac alleges it lost $290m due to fraud committed by Forum Finance
- Forum is run by Sydney businessman Bill Papas
- Mr Papas’s exact whereabouts is presently unknown
The alleged…
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