MPS collapse to affect 50 investors

More than 50 Irish investors are facing significant losses after the collapse of MPS Global, a Clare-based investment and development company.

Ian Kehoe - avatar

Ian Kehoe

15th May, 2010

More than 50 Irish investors are facing significant losses after the collapse of MPS Global, a Clare-based investment and development company.

MPS Global , which is headed by businessman Jal Kalsi, invested millions of euro on behalf of Irish clients in overseas property deals, including condominium developments in New York and Chicago.

The company last week went into liquidation, following a High Court petition by one investor.

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