property developer Jean Nassif's company Toplace has entered administration as he remains overseas while facing fraud allegations.
Toplace has been operating since 1992 and according to its website has "delivered approximately 30,000 residential homes, shopping centres and commercial suites" in Sydney.after a decision by the NSW Civil and Administrative Tribunal. Police allege he obtained a $150 million loan from Westpac through fraudulent pre-sale documents of an apartment complex in Castle Hill.Jean Nassif left Australia in December last year but months later police issued a warrant for his arrest.