Capital + Merchant directors – arrested by the Serious Fraud Office last week -- made a brief appearance in court this morning, but their case has been adjourned to February.
Neal Medhurst Nicholls (55), and Wayne Leslie Douglas (57) face six charges under the Crimes Act, involving nearly $14.5 million of related party lending dating back to 2002.
The pair appeared in the Auckland District Court this morning and were remanded on bail to return to court on February 25.
Mr Nicholls and Mr Douglas were arrested by the SFO last Thursday.