Financier Bill Papas scrawled out his elaborate financing scheme in detail on a notebook, the Federal Court heard on Monday.
Westpac, SMBC and Societe Generale have pursued Forum claiming they had been defrauded of $400 million.
Mr Tesoriero has denied knowledge of the scheme and is a respondent to the proceedings in the trial, which has been scheduled for three weeks before Justice Elizabeth Cheeseman. But the documents, Mr Stoljar said, were fraudulent, and Forum was “left with simply a large sum of money paid to it by Westpac which it could then do with as it sees fit”.
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