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HIH director faces committal hearing

Former HIH finance director Dominic Fodera will face a committal hearing in June on charges of authorising a company prospectus without including required information.

The prospectus sought $150 million from investors for a takeover of FAI Insurance even though material in the document was false and misleading.

Mr Fodera appeared in a Sydney court last week and was charged with failing to act honestly as a director in the discharge of his duties and giving false and misleading information.

The hearing is scheduled for June 1 and 2. Other charges will be heard on March 7.