The administrator appointed to managed IT services Forum Group has sold the business to Sydney-based IT and voice service provider Our Kloud, owned by Eric Constantinidis, a man described in the Federal Court as a cousin of Bill Papas.
Eric Constantinidis is the sole director and shareholder of Our Kloud. Court documents reveal that Eric Constantinidis and Bill Papas are cousins and have both been involved in amateur car racing in the Fanatec GT World Challenge Australia.
Mr Constantinidis is recorded on Audi’s website as a customer who participated in a race series, alongside Mr Papas. The pair have been described in motor industry media as “racing friends”.
Bill Papas Forum Finance: Alleged fraudster is holed up in Greece
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Embattled Forum Group sold to Our Kloud
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