Former FAI MD and HIH director Rodney Adler has pleaded guilty to all charges presented in the NSW Supreme Court in Sydney yesterday.

Mr Adler pleaded guilty to charges of giving misleading information to the sharemarket and failing to discharge his duties as a director of HIH.

He also pleaded guilty to two charges of disseminating false information likely to induce people to purchase shares in HIH in June 2000.

He also pleaded guilty to two new charges of failing in his duties as a director of HIH in the arrangement of a $2 million loan from HIH to a company with which he was associated, Business Thinking Systems, also in 2000.

It’s understood the Australian Securities and Investments Commission will not now pursue three charges of stock market manipulation.

Mr Adler was placed on $50,000 bail on his own surety. He will be sentenced on March 29.