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National

Miklos Bolza

Sydney developer stripped of licence amid police hunt

Jean Nassif Ashlyn Nassif Police Sydney Toplace Westpac

Property developer Jean Nassif has lost his licence after police issued a warrant for his arrest. (PR HANDOUT IMAGE PHOTO) (AAP)

As police hunt for Jean Nassif, accused of fraud and believed to have fled the country, the Sydney property developer and his firm Toplace have had their licences suspended.

NSW Police issued an arrest warrant for Nassif in June, alleging he obtained a $150 million loan from Westpac through fraudulent pre-sale documents of an apartment complex in Castle Hill.

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