The liquidators of two companies that invested in the collapsed German Property Group (GPG) have settled with the Irish companies and their then directors who administered and distributed GPG products via brokers for €5.25 million. A letter to creditors from KPMG accountants Shane McCarthy and Ian Barrett, the liquidators of a company called MUT 116, informed them today of the settlement, which was made along with Myles Kirby, the liquidator of another company that invested in GPG called MUT 103. GPG is also known as the Dolphin Trust, which raised €1.5 billion from investors globally to invest in German property in a manner…

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