A consortium of US investors brought in by Richina founder Richard Yan to buy Mainzeal in 1995 might wield more power than previously thought.

Dominion Finance director Vance Arkinstall may have resigned from the Investment Savings and Insurance Association, but fellow director Rick Bettle has retained his position as a presenter for the Institute of directors.

Both men are among six directors of Dominion Finance Group and sister company North South Finance Group facing criminal and civil charges brought by the Securities Commission.

Strategic Finance’s loan book is up for sale, receivers said today.

PricewaterhouseCoopers, receivers of the second biggest finance company to collapse in this country, has written to investors today to update them on the state of the collapsed financier.

The firm’s partners John Fisk and Colin McCloy said they had received several expressions of interest regarding the purchase of Strategic’s loan book – in full or part.