Investors lodge complaint with Central Bank over ‘blue-chip’ property deal
The Merrion C investment paid out no returns, despite being billed in advance as being likely to yield annual returns of 9 per cent
Investors have complained to the Central Bank’s enforcement unit over a property deal that they say yielded no returns despite being promoted as a “blue-chip investment”.
Led by Merrion Stockbrokers in 2006, the Merrion C investment was billed as an opportunity for pension and cash investors to benefit from 9 per cent annual returns, but in the end paid investors no returns at all.
A brochure promoted the plan to buy an office block in ...
