Glamorous property heiress Ashlyn Nassif has admitted to providing Westpac bank with false information to help her father obtain a $150m loan to construct one of Sydney’s biggest property towers.
Nassif, the daughter of fugitive property developer Jean Nassif, on Wednesday fronted Burwood Local Court where her lawyer entered a guilty plea to one count of publishing false or misleading material to obtain advantage.
A further charge of dishonestly obtaining financial advantage etc by deception was withdrawn.
The matter was set down for a disputed facts hearing on September 7, when Nassif is expected to also face sentencing.
The charges related to allegations that the solicitor provided falsified documents to meet a $10.5m pre-sale condition for three towers of the Skyview apartments complex in Castle Hill in Sydney’s northwest.
Nassif was alleged to have submitted fake contracts to Westpac over three months in 2021 to obtain a $150m loan to fund about 900 apartments.
The $900m apartment tower complex was built by Jean Nassif’s development company Toplace, which collapsed in 2023.
Nassif was suspended from practising law by the NSW Law Society after the fraud charges were laid in 2023.
Jean Nassif is believed to be on the run in Lebanon and while police have not charged him, they have issued a warrant for his arrest.