The Obeids’ multimillion-dollar Port Macquarie property play

INTERESTING …

Kate McClymont outlines the fortune acquired by the Obeid Family investments in Port Macquarie …

DESPITE the former NSW politician having fallen from grace and having served a reduced prison term for misconduct in public office in relation to café leases the family secretly owned at Circular Quay …

IT has come to light that the Obeids not only own a multimillion-dollar Port Macquarie penthouse … but …

-the Obeids have sold a swathe of vacant lots at Lake Cathie

-one vacant lot sold for $6M

It appears much of the ‘real estate’ following sale remains with family members!

2020 … yet it has taken so long for this to emerge into the public arena …

As ever more stories hit the headlines about corruption in property …

-residents cars fire bombed, a concrete slab poured 3 metres inside a property line, verbal abuse, intimidation, a cocaine bust, a yellow Lamborghini, another boasting ‘I will bring in more migrants’ …

Read for the actions of a developer with plans to spoil Gosford!

https://www.smh.com.au/national/how-to-do-business-his-way-20070613-gdqdgc.html

-they are not before ICAC

-they are not being investigated

-they are all so ‘honourable’, aren’t they?

READ … this explains why!

https://www.smh.com.au/politics/nsw/smallest-icac-in-history-corruption-watchdog-warns-of-job-cuts-without-more-funding-20191205-p53h4g.html

The Obeids’ multimillion-dollar Port Macquarie property play

Kate McClymont
By Kate McClymont

Former NSW minister Eddie Obeid was released from prison on December 14, 2019, after serving a three-year sentence.
Former NSW minister Eddie Obeid was released from prison on December 14, 2019, after serving a three-year sentence.CREDIT:AAP
Darcy Lussick at training with Manly Sea Eagles in 2017.
Darcy Lussick at training with Manly Sea Eagles in 2017.CREDIT:AAP

Former Strathfield mayor John Abi-Saab.
Former Strathfield mayor John Abi-Saab.CREDIT:PETER RAE

READ MORE!

https://www.smh.com.au/national/nsw/the-obeids-multimillion-dollar-port-macquarie-property-play-20200119-p53ss0.html

Former NSW minister Eddie Obeid was released from prison on December 14, 2019, after serving a three-year sentence.

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