In third bank action brought over Forum Finance scandal, SMBC seeks $99M

Andrew Hourigan 2021-07-14 6:34 pm By Miklos Bolza | Sydney

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Japanese bankng giant SMBC has emerged as the latest lender with exposure to an alleged fraud carried out by Sydney-based Forum Finance, with proceedings filed seeking recovery of almost $99 million it says it paid to a unit of Forum Group and controversial director Bill Papas.

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