Dolphin Capital, which along with other associated companies is also called German Property Group, ostensibly generated returns by refurbishing and repurposing listed properties in Germany. In January, an elderly investor from Co Cork, Kathleen Dineen, who is a creditor of Irish firm MUT 103 Ltd, petitioned the High Court to have the company wound up. He said that the firm is “plainly insolvent” and that some €107m remains outstanding to investors in German Property Group. German Property Group raised a total of more than €1bn from investors in Ireland, the UK and Asia. Money from investors here was raised by MUT 103 by selling loan notes.

Source: Irish Independent March 10, 2021 22:06 UTC