KEY POINTS:
Mervyn Doolan, the missing Nathans Finance director facing criminal charges, has now hired an Auckland lawyer and has been served with the proceedings.
The Herald reported yesterday that Doolan was understood to be in Ireland, not Australia as the authorities seeking him had thought.
He and three of his co-directors are facing both criminal and civil proceedings relating to Nathans Finance, which collapsed in 2007 owing $174 million to 7000 investors. The other three directors - John Hotchin, Donald Young and Roger Moses - appeared in the Auckland District Court on Friday.
Doolan would be required to turn up to court with the other three for their next appearance on April 20.
The Securities Commission accuses the directors of misleading investors by making untrue statements in the company's registered prospectus and investment statement.
