Irish investor’s case to wind up Dolphin company pushed out to next month

An estimated 1,800 Irish investors entrusted more than €100 million of pension and investment monies in unregulated loan notes with the bust German property group

13th January, 2021
Irish investor’s case to wind up Dolphin company pushed out to next month
Charles Smethurst and his wife Manou Lenz: the Germany-based Dolphin Trust was founded by Smethurst, who is now being investigated by German authorities on foot of a criminal complaint. Picture: Getty

The hearing of Cork investor Kathleen Dineen’s petition to appoint a liquidator to one of collapsed property group Dolphin Trust’s Irish companies has been pushed out to the beginning of February.

Dineen, who invested a six-figure savings lump sum in a Dolphin Trust vehicle called MUT103, applied to wind up the company just before Christmas.

She is among an estimated 1,800 Irish investors who entrusted more than €100 million of pension...

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