The home fraudulently purchased by the wife of the ‘most wanted’ member of the Alameddine clan will be auctioned off after police seized the couple’s assets.
Masood Zakaria allegedly directed his wife Azza to fake a series of documents about her annual income and employment history to obtain a loan to buy the home.
The couple purchased the luxurious Greystanes property for $1.5million in 2019 after applying for funds that would cover three quarters of the asking price.
Azza recently pleaded guilty to one count of dishonestly obtaining advantage by deception at Parramatta Local Court.
Her husband’s whereabouts remain unknown after he disappeared on December 15.
Police on the same day had arrived at the Greystanes home in Sydney’s west to arrest Masood over the alleged attempted murder of rival Ibrahem Hamze.
Police believe rivals had been planning to carry out an attack on Ibrahem Hamze when a stolen Mercedes was spotted on Walker Street on August 14.
The driver allegedly refused to stop the vehicle for officers before speeding off and running through a red light.
NSW Police criminal groups squad commander Detective Superintendent Grant Taylor said the two men were allegedly in the area ‘for the sole purpose of shooting dead a man who they believe is a rival in territorial disputes in south-west Sydney’.
Masood couldn’t be found when police knocked on his door last December and is now believed to have fled to Turkey.
Parramatta Local Court heard the high-ranking member guided his wife through the process of creating a series of fraudulent financial documents later used to secure a home loan.
In the loan application Azza claimed to have an annual income of $240,000 in her role as an external consultant to childcare centres.
She stated she had previously been a centre director and had been self-employed in the childcare industry for five years before that.
The 26-year-old supplied references from ’employers’ and said her role included training staff, organising extra-curricular activities and drafting education plans.
Azza was granted a $1.125 million loan for the home in early 2020 however unbeknownst to the broker the documents were almost all fraudulent.
Police checks later found she had enrolled in a childcare training course but had later withdrew and had no certifications to her name.
The court heard Masood had masterminded the purchasing of the property which would leave a mark on his wife’s otherwise clean criminal record.
He allegedly directed Azza to make him the beneficial owner to ensure the house couldn’t be seized by law enforcements, which it later was.
Masood allegedly then arranged for $310,000 to settle the property be transferred into his wife’s bank account through an associate.
Azza was then instructed to transfer those funds to a nominated account which she had to do at a physical branch.
‘It is alleged Zakaria is the beneficial owner of the property and the mortgage fraud was perpetuated in Azza’s name to intentionally conceal his connection to the property,’ documents tendered to the Parramatta Local Court read.
Azza was sentenced to a 12-month community corrections order for her part in the scheme due to be complete in April 2023.
The six-bedroom home with an ‘absolutely enormous’ master bedroom and ensuite bathroom will go to auction on April 30 for an expected $2million.
‘Inclusive of ducted air-conditioning throughout, a wood-fired heater, purpose built study nook, walk-in linen press and secure window shutters, nothing has been missed on an offering of exceptional quality,’ the description reads.
Share on Facebook «||» Share on Twitter «||» Share on Reddit «||» Share on LinkedIn