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Issue arrest warrant for colorful developer Gene Nassif

He also posted, “You are left behind in every aspect of your life and are mentally, emotionally, spiritually and often financially exhausted!”

of Herald It emerges that Nassif has recently been busy borrowing millions of dollars against real estate.

Nassif signed a deal on Thursday to borrow money from a company run by scaffolder Antoine Kouzame. Nassif pledged a waterfront home he bought in Chiswick in 2015 for $4.9 million as collateral.

His home in Chiswick is also being offered as collateral for another loan.

The law firm EA Legal, run by his two daughters, Evelyn Nassif Helou, who has not been charged with either offense, and the suspended Ashlin, filed a warning last month, according to the documents.

The warning reflects that Nassif’s troubled developer Toprace lent Nassif an unspecified sum of money.

The infamous yellow Lamborghini and its owner Nisselin Nassif made headlines in 2019.credit: Instagram

The developer also signed a deal to borrow about $6 million from bankruptcy company Cor Cordis and related financial firms. Four apartments owned by Mascot’s Nasif Company were used as security.

The six-month loan will begin on May 31, with a loan limit of $5,665,000 and interest rates that fluctuate between 25% and 30% annually.

Meanwhile, two of Nassif’s development companies ended up in management hands. The two companies own Nassif’s troubled Skyview tower apartments in Castle Hill, Sydney. Skyview Realty’s land title records show that Nassif borrowed money from a number of companies based in tax havens in the British Virgin Islands.

Meanwhile, Nassif’s firm is embroiled in a Supreme Court battle this week with another financier whose president has been indicted on rape charges.

Last month, the New South Wales Court of Appeal ruled that Topreth had to pay more than $5 million for deficiencies in the construction of a 28-story development in Parramatta.

Aside from the New South Wales Police, officials from the Independent Commission Against Corruption are also believed to be interested in speaking to Mr Nassif in connection with the investigation into the Hills Shire Council.

It is understood that this investigation was initially prompted by a claim NSW Liberal MP Ray Williams to address parliament It claimed that senior lawmakers from his party “paid a lot of money” to introduce new lawmakers to support Nassif’s future development applications.

Detective Superintendent Peter Four of the National Crime Command Organized Crime Squad said, “Mr. Nassif, obviously we have a warrant for your arrest. We recommend that you come forward and talk to detectives as soon as possible. ”

Developer Jean Nassif and his wife Nisselin.

Developer Jean Nassif and his wife Nisselin.credit: Instagram

Speaking outside the Surry Hills Police Station on Friday, Four said Nassif’s warrant was for the same “massive” fraud allegations against his daughter Ashlyn, who remains in court. said.

The criminal chief said police don’t know where in the world Nassif is being held.

“We are asking for help from people who know where Nassif is, or if he wants to come forward and talk to detectives,” Fo said.

If Nassif is offshore, such as in Lebanon, New South Wales police will begin discussions with foreign governments about extradition, Mr Four said.

“We are currently talking to the appropriate people and considering their options in relation to whether he is abroad,” said Pho.

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https://www.smh.com.au/national/nsw/warrant-out-for-arrest-of-colourful-developer-jean-nassif-20230609-p5dfh8.html?ref=rss&utm_medium=rss&utm_source=rss_national_nsw Issue arrest warrant for colorful developer Gene Nassif

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