Extra €5m could be spent on recovering assets for Custom House Capital clients
It may take several more years before investors are compensated for the collapse of broker
A further €5 million could be burned up recovering assets for investors with collapsed broker Custom House Capital (CHC), according to the liquidator.
Kieran Wallace of KPMG will ask the High Court to approve a mechanism for distributing client assets, mostly property related, of approximately €170 million next Wednesday.
Since the firm was closed in 2011 for systemic misuse of around €66 million of client funds, he has received 2,692 claims for compensation ...
