Late MD of one firm linked to Dolphin Trust collapse was shadow director of another, court told

Collapsed Dolphin Trust received €150m from Irish investors.

The corporate headquarters of German Property Group, formerly called Dolphin Trust, in Langenhagen, Germany. File Picture

The late managing director of a firm linked to the collapsed Dolphin Trust — which received €150m from Irish investors — acted as shadow director to another firm which was an investment vehicle for pension investors, it has been claimed in Commercial Court proceedings.

Paul Dunne, who died in October 2020, had been MD of a firm which administered funds provided by Dolphin MUT 116 through the German Property Group, previously called Dolphin Capital and Dolphin Trust.