Freezing orders made against financial advisor

The High Court has granted freezing orders against a financial advisor and two associated companies following allegations that approximately €159,000 advanced as an investment was misappropriated. Ms Justice Leonie Reynolds made the orders in favour of Mr Jamie Murphy, who claims Mr James Doherty, trading as Demvera Capital Partners, used funds transferred in 2017 for personal purposes rather than investing them in a disability care company as agreed. The injunctions, also made against Demvera Trust unlimited Company, prevent the defendants from reducing assets below €159,000, including sums held in bank accounts in Dublin and Donegal. The court heard that despite requests for return of the investment, Mr Doherty has provided only excuses and assurances without repaying the money. Mr Doherty's whereabouts are currently unknown, though believed to be in the United Kingdom. The matter will return to court in January.