NSW froze assets linked to Eddie Obeid’s family trust over hidden $30M land stake near new metro station.

The NSW Crime Commission has frozen property interests in Bankstown sites linked to former politician Eddie Obeid’s family trust, blocking sales after a decade-long probe into hidden assets. The move follows revelations that the trust secretly held a $30 million stake in land near a new metro station, using a frontman and complex trusts to conceal ownership. The site, valued at up to $60 million, is set for a 20-storey tower. New legal powers allowed the commission to secure a Supreme Court order despite past recovery attempts. The commission says this is the first step in a long process, urging the Obeid Corporation to return illicit gains, warning of continued legal action if they don’t.