Investors join forces to take legal action against Polish fund

Group, mostly Munster farmers, put €21m into venture and suffered big losses

The Polska Fund was set up in 2005 in a partnership between the investment company SWS Corporate Services and Castle Carbery Properties, a property company founded by Cork dairy farmer-turned-developer Michael Scully.

The Polska Fund was set up in 2005 in a partnership between the investment company SWS Corporate Services and Castle Carbery Properties, a property company founded by Cork dairy farmer-turned-developer Michael Scully.


A group of disgruntled investors – mostly farmers from Munster who invested €21 million in a boomtime Polish property fund only to suffer catastrophic losses – have joined forces to launch legal action against the fund’s promoters and associated property developers.

The Polska Fund was set up in 2005 in a partnership between the investment company SWS Corporate Services and Castle Carbery Properties, a property company founded by Cork dairy farmer-turned-developer Michael Scully.

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