The joint liquidators of an investment vehicle used to channel tens of millions of euro into the collapsed German Property Group (GRG), formerly known as Dolphin Trust, are taking advice on “potential legal proceedings” against various parties. Joint liquidators Shane McCarthy and Ian Barrett, who are accountants with KPMG, have issued a detailed update to more than 1,000 pension investors who cumulatively put €65.8 million into Dolphin MUT 116 Ltd, a company used to invest in GRG. “It is our opinion that there were significant deficiencies in either the advice the company received from its professional advisors or in the…

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