Four senior executives are to face trial accused of misleading investors of collapsed firm Custom House Capital (CHC), which suffered multi-million euro losses.

They were arrested today in Dublin by Garda National Economic Crime Bureau detectives.

Former CHC director John Mulholland, 70, from Salthill, Monkstown, Co Dublin, ex-investment director John Whyte, 50 of Beechpark, Lucan, Co Dublin, the investment broker's head of finance Paul Lavery, 43, with an address at Rafeenan, Ballinode, Co Monaghan, and former portfolio manager Ciara Kelleher of Martin Close, Blackhorse Avenue, Dublin 7, were charged at Kevin Street Garda Station.

They appeared at Dublin District Court before Judge Bryan Smyth, who remanded them on bail to appear again on 31 July when they are to be served with books of evidence and returned for trial.

All four are charged with misleading investors as to the where and how assets were placed in Custom House Capital, contrary to common law.

The offences are alleged to have happened from October 2008 until July 2011.

The Director of Public Prosecutions has directed trial on the indictment in the circuit court.

There was no objection to bail subject to conditions to which each defendant consented.

Detective Garda David Coyne told Judge Smyth that Mr Mulholland made no reply to the charge.

Bail was set in his own bond of €1,000 and gardaí also sought a €10,000 independent surety in his case.

Detective Garda Coyne asked for it because Mr Mulholland had an address in Co Antrim, where he had previously resided.

His daughter Zara was approved by the court to stand bail.

She agreed with Mr Mulholland's solicitor Richard Young that she understood the charge against her father.

The co-defendants were remanded in their own bonds of €500.

John Whyte also made no reply to the charge, said Detective Sergeant Alan Govern.

His solicitor Padraig O'Donovan said his client was making an application for legal aid and he handed in a vouched statement of Mr Whyte's means. Granting it, Judge Smyth noted there was no garda objection.

Mr Lavery made no comment when he was charged, Detective Garda Aidan Devenney told Judge Smyth. His solicitor Peter Connolly said Mr Lavery consented to the bail terms.

The court was told that Ms Kelleher denies the charge. Her solicitor Michael Hennessy deferred her legal aid application.

He said he would furnish documentation on the next date.

All four were ordered to reside at their current addresses, surrender passports and not to apply for new travel documentation and "have no contact directly or indirectly with co-accused or any witnesses in the case".

They also had to provide gardaí with their mobile phone numbers and must sign-on once a week at their local garda stations.

None of them addressed the court.