Former Viking boss refused bail

Iliopoulos remanded in custody as magistrate agrees bikie connections make him a flight risk

March 22, 2013

Steve Iliopoulos, the former director of the failed Viking Group, has been remanded in custody on fraud charges, according to Melbourne news reports.

In arguing against the granting of bail, prosecutors linked Iliopoulos to the Comancheros bikie group, saying this relationship meant he was a flight risk, Nine News reports.

Several news outlets reported allegations that bikies were involved in thwarting liquidators attempts to seize property but that the lawyer representing Iliopoulos had said allegations linking the defendant and bikies and the possibility of Iliopoulos skipping the country if given bail were speculation.

On March 1, a woman was bailed by Victoria Police to appear at the Melbourne Magistrates Court on Monday in relation to four offences – three for obtaining a financial advantage by deception relating to $33.55 million and one for attempting to obtain a financial advantage by deception relating to $53 million.

Prosecutors in this case reportedly linked the first figure to the Commonwealth Bank and the second to Westpac.

Nine reports that that the court was told former Viking financial officer Loukia Bariamis, who has also been charged, has agreed to give evidence against Iliopoulos.

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