Problems at Dolphin Trust were revealed in 2019, recording shows

Recording of meeting shows difficulties were evident long before Irish investors realised the gravity of the situation

30th May, 2021
Problems at Dolphin Trust were revealed in 2019, recording shows
In late May of2019, Charles Smethurst, the Dolphin Trust founder, flew to Singapore for a strained meeting with investors whose returns had not been paid since 2018

The extent of the problems at Dolphin Trust, the bust property group, was laid bare months before Irish investors knew how seriously things had gone wrong, a recording of a tense investor meeting in Singapore shows.

Irish people, many of whom were not experienced investors, entrusted €107 million of their cash and pension money to the German property fund, but were not fully aware until this year that it was in serious trouble and their...

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