Firm misused €56m of clients’ funds

A PENSIONS and investment firm has been wound up after misusing €56 million in clients’ money to cover up troubled property deals.

The Director of Public Prosecutions is to be asked to consider criminal charges against principles of Dublin-based Custom House Capital (CHC), following the revelations uncovered by Central Bank inspectors.

All 1,500 clients of the company will be contacted soon as a High Court-appointed liquidator begins the work of establishing whose money was misused and how much was lost.