The official liquidator of MUT 103, an investment vehicle used to channel money into the collapsed German Property Group (GPG), has lodged legal proceedings against three companies and seven individuals. Investors are owed around €42 million.
Liquidator Myles Kirby has made a secret US move against Chicago based surgeon Joseph Sheehan over the alleged dissipation of €3.25m in Irish company assets. Evidence from a number of former directors may be subpoenaed.
A Taiwanese investor, in Dublin on the golden visa scheme, paid a €1.2 million deposit on an upmarket housing development by Victoria Homes. When the development stalled, he sued. Now the developer's backers are trying to take an axe to the case.
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