Administrator appointed to Toplace a month after arrest warrant issued for Nassif
He had earlier applied to review a NSW Fair Trading decision to suspend his licence for 10 years and permanently ban Toplace from engaging in construction work.That decision was put on hold to enable the company to finish remediation works on several apartment blocks, but last week the ban was reinstated.
The NSW civil and administrative tribunal last week found Westpac’s loan was already at risk, with the warrant issued for Nassif’s arrest and no evidence that the developer planned to return to Australia.The developer is the father of Sydney lawyer Ashlyn Nassif, who has been charged with fraud over the alleged $150m development loan scheme.
Earlier this year, Jean Nassif was called to appear before a NSW parliamentary inquiry into allegations of impropriety at Hills shire council, but he declined to give evidence via a video link from Lebanon for legal reasons. He has denied the allegations made against him during the inquiry.
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