The company of a fugitive sydney property developer has collapsed into administration.
At the end of last week, Jean Nassif’s massive building firm Toplace Pty Ltd filed papers with ASIC that showed it had appointed administrators.
Mr Nassif founded the business but last month NSW Police issued an arrest warrant for him in relation to fraud-related charges.
The company filed for voluntary administration through lawyers in contact with Mr Nassif.
Antony Resnick and Suelen McCallum of insolvency firm DVT Group are the appointed administrators.
They are only in charge of the building arm of Toplace Group, not any of the other streams of the business.
News.com.au has contacted them for comment.
Toplace Pty Ltd has been in operation since 1992 and claims to have built 30,000 abodes over those years, including residential houses and apartments, shopping centres and commercial offices.
The firm reportedly has not been able to function as a company for some time after losing its building licence due to failing to fix serious defects at a Sydney apartment complex.
The NSW Civil and Administrative Tribunal (NCAT) stripped it of its licence after failing to comply with a court order.
Several of Mr Nassif’s other business entities…
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