The bankrupt, the fugitive and the billion-dollar Toplace collapse

An undischarged bankrupt was instrumental in landing his insolvency firm the lucrative rights to be administrator of fugitive Jean Nassif’s failed property empire, which has collapsed owing more than $1.24 billion, including $88.5 million to suppliers and tradespeople. Court documents reveal that Riad Tayeh, who founded dVT Group, helped secure the administrators’ role for dVT. Tayeh, 59, was declared bankrupt in June last year, owing $5.4 million. More from the Sydney Daily Herald.