Former Dexta Corporation MD and co-founder Ashraf Kamha and his old FAI Insurance colleague Daniel Wilkie – the company’s COO – are due to face court next month to answer charges related to their involvement in the collapse of HIH.

Mr Kamha and Mr Wilkie will face court on August 14 for a six-week hearing on charges related to an alleged $30 million accounting scam, which involved deceiving the stock exchange about FAI’s profits.

The Australian Securities and Investments Commission alleges both men knew about the accounting scandal, which resulted in improper reductions of more than $31 million in FAI’s books.

They were originally charged in November at the same time as former FAI Financial Controller Anthony Boulden, who last month pleaded guilty in the NSW Supreme Court to breaching section 590(1) of the Corporations Act. The matter was adjourned for a two-day sentencing hearing on October 12.