Bill Vlahos and Mr Vlahos

voluntary administration: BC3 Thoroughbreds collapsed after $194 million went missing from a bank account in 2013 and went into voluntary administration shortly after Mr Vlahos resigned from his position as chair, according to Nine News Australia. Mr Vlahos, 50, also declared bankruptcy in December 2013 while he was embroiled in a separate multi-million dollar lawsuit over money missing from The Edge punting club. Fraud and Extortion Squad detectives investigating a so-called punting club arrested high-profile racing identity Bill Vlahos on Friday. Police have confirmed a 50-year-old man was released pending summons after being questioned on Friday afternoon but would not confirm he was Mr Vlahos. BILL VLAHOS' - declared bankruptcy in December 2013- ordered to front a 2014 Stewards Victoria inquiry into BC3 Thoroughbreds but his lawyers said he was unable to give evidence- barred from attending race meetings and betting on thoroughbred racing pending an inquiry into the purchase of Black Caviar half brother- charged by stewards with two counts of dishonest, corrupt, fraudulent, improper or dishonourable action or practice in connection with racing.© AAP 2015Victoria Crime Email your news tips Do you have any news photos or videos Property news: A guide to property investment in Adelaide - realestate.com.au Property news: What the craziest thing you’d do to save for a home - news: Share market instability may lead to RBA rate cut - news: 20 years of change in Australia property market - realestate.com.au (news.financializer.com). As reported in the news.