Colourful soccer personality Bill Papas had aspirations to list waste management company Iugis on the ASX and expand globally before the business was embroiled in an alleged $400 million fraud.
Iugis is one of the many companies in Mr Papas’ business empire that has now been split up and sold off by liquidators, following explosive allegations it is exposed to an elaborate scheme which used forged signatures to obtain hundreds of millions of dollars in bank loans.
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