Despite becoming collateral damage in an alleged $400 million dollar fraud scandal, Autonomous Energy (AE) says it remains a viable business and is looking to emerge as smoothly as possible from a period of voluntary administration.
In March this year AE was acquired by iuigis, one of several companies operated by Bill Papas, who is now being pursued by Westpac over allegations he and his company Forum Finance swindled hundreds of millions of dollars from the bank.
AE is one of Australias oldest solar companies, operating since 2003 and specialising in commercial and industrial sustainable energy projects.
Chief executive of AE, Matthew Linney told The Fifth Estate allegations against Papas and h…
Read the full article at: https://thefifthestate.com.au/energy-lead/energy/autonomous-energy-powers-on-despite-being-caught-up-in-fraud-scandal/
