Property trust silent on legal test of its theory

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 Rodolphus Allen trust has suffered setbacks in two recent attempts to assert its right to claim control of valuable properties signed over to it.

It has written to receivers and auctioneers across the country demanding they vacate properties that have been put into the trust.

Despite the trust claiming hundreds of millions of euro in damages, so far its correspondence has been largely ignored.

Meanwhile, the trust has relinquished control of the stud farm in Kildare which it had first seized from receivers during a high-profile protest in August.

This week, its bid to thwart the sale of 11 virtually completed houses in Annyalla, Monaghan, was brushed aside.

The auctioneer involved in this sale confirmed that it had received correspondence from the trust but it took advice and contracts were exchanged for 10 of the houses this week.

During this period, the organiser of the trust, Charles Allen Sr, of Prior Park, Inistioge, Kilkenny, has relocated to the North after a High Court bench warrant was issued for his arrest on Aug 31.

Yesterday, he reopened the trust to approximately 100 new entrants, who travelled to Newry to sign their properties over to the trust.

The trust stood to earn at least €40,000 in entrance and administration fees from yesterday’s event.

When he was confronted, Mr Allen said the strategy of the trust was nobody’s business, nor was its tax affairs.

He refused to say when if he would return to the Republic to fight his case in the courts.

According to its own documents, the trust aspires to “identify, engage, and fulfil our true purpose on this planet, as unique fragments of Divine Consciousness, in our eternal, spiritual quest for self-realisation”.

However, it has not explained how this, or its placards referring to Brehon Law, will be used to prove that mortgages issued in this country are illegal.

The trust had brought a barrister over from England to plot a legal strategy. So far, it has not gone to court to set out its argument.

Last month, the trust had told borrowers that it was closed to new members because of difficulties in getting a notary public to witness each signing-in.

It is not known how yesterday’s event, in the Armagh suite of the Canal court hotel, went ahead.

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