2020-12-07bbc.com

Dolphin said it would use the money to buy derelict listed buildings across Germany, to turn them into flats and then sell them to German buyers. Whilst it did use some investor money to buy some buildings, it did not develop enough of them to pay back the loans.

BBC Radio 4's You & Yours has found evidence suggesting loans were paid to director Charles Smethurst and his family. We have seen documents suggesting investor money was used to pay for fashion shows, television stations, beauty products, parties and rent.



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