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

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 and investment monies in ...