Court told collapsed broker CHC could leave liquidator €1.2m out of pocket

KPMG liquidator Kieran Wallace

Insufficient company funds in the collapsed broker Custom House Capital (CHC) could leave liquidator Kieran Wallace €1.2 million out of pocket in pay and expenses, the High Court has heard.

The KPMG accountant has been granted limited relief having sought an order allowing him to dip into the assets of investors, many of whom were badly burnt by the firm, to cover his projected shortfall.

Wallace has been winding up the company since ...