The controversial head of Rodolphus Allen Private Family Trust, Charlie Allen, has been released from custody after he gave an undertaking not to interfere with, or trespass on, lands in Co Kildare.

THROUGHOUT the summer at least 2,000 people, many of them involved in businesses during the boom, made a last-ditch attempt to remain in control of their debt-laden properties. They did so by putting their faith in a mysterious property trust that it was claimed had found a way to split mortgages from properties themselves.

The organiser of a property trust which thousands of borrowers believe will save their properties from repossession orders has refused to say when he will put his theory to the test.

A trust set up to help “middle Ireland fight back” and which is estimated to control €2bn in assets and have almost 2,000 members last night prevented gardaí and receivers from entering a farm in Co Kildare.