The joint liquidators of Dolphin Mut 116, an Irish firm linked to the collapsed German Property Group (GPG), have issued High Court proceedings against a former Cork-based distributor of the German investment product. The lawsuit against Dolphin IG, brought by KPMG accountants Shane McCarthy and Ian Barrett, aims to recover funds for GPG creditors after the alleged Ponzi scheme crumbled in 2020 putting around €107 million of Irish pension and investment funds in jeopardy.  The proceedings, lodged earlier this week, come on the back of an existing suit against the defunct company by another Irish GPG investment vehicle in liquidation,…

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