Ian Guider: Dolphin Trust scandal shows authorities still too slow to act in investors’ interests

The grey areas that exist in this country regarding unregulated investments need to be tackled before even more of our citizens are taken advantage of

The corporate headquarters of German Property Group, formerly called Dolphin Trust, in Langenhagen, Germany. Picture: Getty

What has been the biggest Irish financial scandal of the last year? Without a doubt the answer most people will give is the €4.1 million fine issued to Davy stockbrokers by the Central Bank.

But the fire and fury that has been directed at Davy over its dealings with a high-profile Northern Irish developer has overshadowed the collapsed German property company Dolphin Trust, which sucked in €107 million of cash from about 1,800 Irish investors ...