March 27, 2024

A director of the controversial Wealth Options Trustees Ltd, the firm at the centre of the Dolphin Trust scandal, died leaving an estate worth €6.2m, the Irish Independent can reveal.

he late Paul Dunne, of Fortfield Road in Terenure, who was also a director of a special purpose vehicle that channelled money to the German property investment group behind the scandal, died on October 11, 2020, according to public records.

Dolphin Trust, which was renamed German Property Group (GPG), collapsed earlier that year with €1.5bn in savings from investors in Ireland, the UK and elsewhere, and little clarity on how much might be recovered.

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