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Investors may regain Dolphin Trust money | Ireland

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Investor wants Dolphin Capital wound up over €135,000 debt

A 78-year-old Cork woman has petitioned the High Court to wind up an Irish firm owned by a collapsed German property company. Kathleen Dineen claims she is owed a total of €135,000 and, her counsel told the court, she “has been consistently fobbed off’ when she sought repayment of her loan note investment. The German Property Group collapsed last year after taking more than €1bn from investors in Ireland, the UK, Asia and elsewhere. Money had been raised from over 1,800 Irish investors by way of issuing loan notes for the purpose of buying and renovating listed buildings in Germany with promises of annual returns of as much as 15pc.

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