National

Warrant issued for missing Sydney developer Nassif

By AAP Newswire

Jun 9, 2023

NSW Police badge — Missing Sydney developer Jean Nassif is wanted by NSW police investigating fraud allegations. -AAP Image

A warrant has been issued for the arrest of controversial Sydney property developer Jean Nassif as police probe allegations of financial wrongdoing at his family business.

Hold tight - we’re checking permissions before loading more content

Detectives from the Organised Crime Squad were on Friday granted a warrant to arrest the 55-year-old after a two-year fraud investigation.

NSW Police have appealed for public help in tracking down Mr Nassif, who they believe is overseas.

He is the father of Sydney lawyer Ashlyn Nassif, who has been accused of securing a $150 million loan from Westpac with a falsified property pre-sale contract in 2021.

She has been charged with dishonestly obtaining financial advantage by deception and publishing false misleading material to obtain advantage.

The 28-year-old allegedly submitted misleading contracts to meet a pre-sales condition for the Skyview Apartments at Castle Hill, in Sydney's northwest, in order to trigger the bank loan to enable construction of the development.

Her father's firm, Toplace, was the developer behind the project.

Ashlyn Nassif handed herself in earlier this year after police simultaneously raided four properties, including her father's multimillion-dollar Chiswick mansion and his Concord-based development firm.

By AAP Newswire

Australian Associated Press