A High Court judge has delivered a withering dismissal of “nonsense” claims that Charles Allen Sr made to a Georgian property signed into his mysterious trust.

Trust leader Charles Allen Sr was back at Lotamore House in Cork last night after the High Court released him from custody and he rejoined supporters who had occupied the Tivoli Road estate following his arrest on Monday.

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.

The fugitive organiser of a mysterious property trust has set up shop north of the border after looking to assert control of assets linked to €2bn worth of distressed loans.