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Fodera to face committal hearing

Former HIH CFO Dominic Fodera has been ordered to face a committal hearing from August 1 over his part in the insurer’s $5.3 billion collapse.

Mr Fodera, who is being prosecuted for allegedly failing to act honestly as a director and for giving false information, appeared last week in the Sydney Downing Centre Local Court charged with seven offences.

He’s already facing a two-day committal hearing on June 1 in relation to a charge of authorising a prospectus containing a material omission.