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Focus: Inside the Dolphin Trust debacle and those left burned

Focus: Inside the Dolphin Trust debacle and those left burned
independent.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from independent.ie Daily Mail and Mail on Sunday newspapers.

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Wind-up order is granted in Dolphin Trust case

Wind-up order is granted in Dolphin Trust case
More than 1,800 Irish investors put a combined €107 million into the German property group described by its liquidator as a pyramid scheme
10th March, 2021
The corporate headquarters of German Property Group, formerly called Dolphin Trust, in Langenhagen, Germany: investors in Dolphin Trust were promised a 10 per cent or more return for commitments of three to five years
A wind-up order has been granted in a case related to Dolphin Trust, the bust property investment group in which hundreds of Irish investors have been burned.
Kathleen Dineen, 78, from Ballincollig in Co Cork, had petitioned the High Court to wind up an entity called MUT 103, a special purpose vehicle linked to her Dolphin investment. ....

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Dolphin Trust case judgment reveals struggle of elderly investor to find answers

Kathleen Dineen, 78, sent a string of letters in a bid to find out why she hadn’t received payment on her investment before eventually seeking an order to wind up the company involved ....

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Court orders winding up of Dolphin Capital owned firm

Legal Affairs Correspondent
A High Court judge has granted a petition brought by a 78-year-old Irish woman, to wind up an Irish firm owned by a collapsed German property company.
Mr Justice Brian O Moore made the order in relation to MUT 103 Limited, based in Naas, Co Kildare, which was linked to the German Property Group (GPG) formerly known as Dolphin Capital.
He said on the evidence before him MUT 103 was plainly insolvent and around €107m is still outstanding to Irish investors in GPG.
The judge said his decision was influenced by the fact that investors had been continually reassured since July 2019, that the sums advanced by MUT 103 were fully secured but further information in an options paper circulated five days ago, described a much more insecure position . ....

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Irish investors face anxious wait over €107m in savings

Irish investors face anxious wait over €107m in savings
independent.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from independent.ie Daily Mail and Mail on Sunday newspapers.

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