Dolphin Trust-linked case defendant alleges liquidator is being illegally funded

Charles Smethurst, founder of Dolphin Trust, with his wife Manou Lenz: a number of investors in German Property Group (GPG), formerly Dolphin Trust, said they lost hundreds of thousands of euro after their investments in GPG failed to deliver any returns.

One of the defendants in a Dolphin Trust-linked court case has alleged that a liquidator is being illegally funded by third parties, investors have been told.

In a letter to investors at the end of last month, Myles Kirby, a liquidator, said he believed the allegations were “entirely devoid of any merit”, but said they had delayed him finalising a statement of claim, which he described as an “extensive” document.

Kirby is the liquidator of ...