Raymond Said Frangieh and wife Melissa could have home seized under proceeds-of-crime laws

A FLASHY former Gold Coast nightclub promoter whose father was executed could lose the home he shares with his wife and family under proceeds-of-crime laws.

The Government has applied to force cocaine dealer Raymond Said Frangieh, 37, and his wife Melissa, 35, to forfeit their Mermaid Waters home.

• Drug accused’s assets frozen

A FLASHY former Gold Coast nightclub promoter whose father was executed could lose the home he shares with his wife and family under proceeds-of-crime laws.

The State Government has applied to force cocaine dealer Raymond Said Frangieh, 37, and his wife Melissa, 35, to forfeit their $1.2 million Mermaid Waters home and a $750,000 investment property at Surfers Paradise owned by Mrs Frangieh.

The forfeiture application was made in the Supreme Court in Brisbane on December 13, and also includes a Mercedes Benz 4WD owned by Mrs Frangieh’s company, La-Rouge Enterprises.

Melissa Frangieh

Mrs Frangieh has been charged with money laundering after cash allegedly derived from sales of cocaine and ecstasy was allegedly put into her bank accounts.

Mr Frangieh, the promoter for defunct Surfers Paradise nightclub Truth, is accused of running a business selling cocaine and ecstasy throughout Brisbane and the Gold Coast for a year until July 2016.

Mrs Frangieh has until April 6 to explain why she shouldn’t forfeit the assets to the state, according to an order made by Justice Susan Brown on January 10.

The state has also asked the court to force Mrs Frangieh pay the costs of the legal application.

Mrs Frangieh, a mother of two, has put the investment property in the “sought-after” Budds Beach precinct on the market, and potential buyers have been told she is “motivated to sell”.

She has also put their Mermaid Waters home up for sale, with the advertisement stating “Owner needs quick sale”.

Justice David Jackson last year permitted Mrs Frangieh to sell the houses provided she gets the green light from the state, and pay the proceeds, minus any mortgage, to the Public Trustee.

Mr Frangieh’s father Sayed Frangieh was killed in an unrelated incident when he opened the front door of his Sydney home on December 7, 2003.

His killing was retribution against Raymond after he fell out with Sydney man Ken Tan over the sale of a car.

Tan was convicted of manslaughter in 2009 for organising the drive-by shooting.