Liquidators to Bill Papas’ Forum group of companies are eyeing a sale of waste company Iugis, which has a host of high profile customers including Liverpool Football Club, despite concerns it may have received millions from an alleged $400 million fraud.
Iugis is one of the many subsidiaries within Mr Papas’s large business empire which is now being broken up and sold by liquidators who were brought in to investigate allegations Mr Papas had orchestrated a major fraud on Westpac by impersonating its customers.
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