The liquidator of an Irish investment vehicle used to funnel money into the collapsed German Property Group (GPG), formerly known as Dolphin Trust, has launched legal proceedings against ten parties connected to the alleged ponzi scheme. Creditors of MUT 103 Ltd, who are owed around €42 million, were recently given notice of the impending legal suits in the annual report of official liquidator Myles Kirby of Kirby Healy accountants. In an update issued to investors and creditors this morning, Kirby noted that none of the parties had admitted liability. He also outlined the substantive reliefs being sought as follows: “Damages for…

Want to read the full story?

Unlock this article – and everything else on The Currency – with an annual membership and receive a free Samsonite Upscape suitcase, retailing at €235, delivered to your door.

Subscribe

Cancel at any time.

Are you already a member? .