Liquidators chase estate of late Dolphin Trust executive

KPMG accountants take court case to recoup part of €1.5 billion investors lost after collapse of controversial German property group

Dolphin Trust: around 1,800 Irish people placed a collective €107 million in GPG (formally Dolphin Trust) before it collapsed in 2020, having taken in up to €1.5 billion from investors in Ireland, Britain, Asia and elsewhere. Picture: Getty

The liquidators of a company linked to Dolphin Trust have launched legal proceedings against the family of a former executive who died two years ago.

Shane McCarthy and Ian Barrett of KPMG filed High Court proceedings against Laura and Lesley Dunne, the joint representatives of the estate of Paul Dunne, a former director of multiple Dolphin Trust-linked companies.

McCarthy and Barrett are the liquidators of MUT 116, a special purpose vehicle (SPV) which was used ...