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Property developer Steve Nassif is preparing to plead guilty to his involvement in a fiery inferno that destroyed a luxurious waterfront mansion worth $24 million in Northwood. Nassif, aged 70, is accused of collaborating with Adams Kipkosgei Bett to set fire to the heritage estate on September 3, 2022. The mansion, owned by fellow property developer Ouyang “Owen” Chen, was a prominent landmark with stunning features like a tennis court and breathtaking views of the Lane Cove River, Sydney’s CBD, and Anzac Bridge.

On the night of the incident, emergency services received numerous calls from concerned locals, prompting a swift response from 50 firefighters and 12 trucks who worked tirelessly to contain the flames. Despite the efforts, the mansion was reduced to smoldering rubble within two hours, leaving behind a devastating scene.

Nassif is not only facing charges related to arson but also for not having approved storage for his firearm. His accomplice, Adams Kipkosgei Bett, has already pleaded guilty to damaging property in connection with the arson attack. The court proceedings are ongoing as Nassif awaits sentencing and further legal actions regarding his bail status. The case has drawn significant attention due to the high-profile nature of those involved and the destruction of one of Northwood’s oldest and most prestigious properties.


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Article Title: Property mogul will admit to setting $24m mansion on fire, court told
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