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HEAD OF AUSTRALIA'S HIH INSURANCE HANDS OVER PASSPORT, ASSETS.
SYDNEY, June 1 Asia Pulse - Former director of failed comapany HIH Insurance Ltd (ASX:HIH ) Rodney Adler has handed in his passport and a $A7.7 million ($US3.89 million) security to the Australian Securities and Investment Commission (ASIC).
In papers tendered to the New South Wales Supreme Court today, the businessman, his wife Lynda and the family-owned Adler Corporation agreed to contribute to a $7.7 million security, so his assets can be unfrozen.
But until then, he cannot sell any shares or real estate held by him or on his behalf unless he gives ASIC 30 days' notice.
He and Alder Corp also cannot transfer any money or shares out of Australia under the same terms.
The deal came as Justice Kim Santow agreed to ASIC's request that Mrs Adler and Adler Corp be made defendants in the case and include their personal assets in any finding against Mr Adler. ...
- Former HIH executive loses appeal of prison sentence.(Rodney Adler sued for his...
- Magazine article from: Business Insurance Veysey, Sarah May 22, 2006 700+ words
...nonexecutive directors of HIH from taking senior positions...an appeal by Rodney Adler of his sentence to four...as a director. Mr. Adler was one of two HIH directors sentenced...CAPTION(S): Former HIH executive Rodney Adler was sentenced to more...
- NEARLY ALL INVOLVED IN HIH COLLAPSE RECEIVE FLAK AT ROYAL COMMISSION.
- News wire article from: AsiaPulse News January 17, 2003 700+ words
...Williams and latter-day HIH director Rodney Adler. Criminal charges, civil...the market, investing HIH money in a company part-owned and chaired by Mr Adler, publishing false financial accounts, using HIH for personal gain and...
- HIH debacle: a litany of ineptitude. (International Market: Australia).
- Magazine article from: National Underwriter Property & Casualty-Risk & Benefits Management Howard, Lisa S. July 14, 2003 700+ words
...upheld civil charges and penalties against former HIH Director Rodney Adler and former HIH Chief Executive Officer Ray Williams, (except on one count for Mr. Adler.) For breaching their duties as directors, Mr...
- EVERYONE PLEADS INNOCENCE AT AUSTRALIA'S HIH ROYAL COMMISSION.
- News wire article from: AsiaPulse News February 6, 2003 700+ words
...any other player - former HIH director Rodney Adler pleaded innocence. He said...made it on to the board of HIH. "It is ... important for Mr Adler to be exonerated," beseeched...QC. In an echo of the HIH debacle, FAI's senior...
- FORMER HIH INSURANCE BOSSES FACE POTENTIAL CRIMINAL CHARGE.
- News wire article from: AsiaPulse News January 13, 2003 700+ words
...Jan 13 Asia Pulse - HIH Insurance bosses Ray Williams and Rodney Adler may be faced with...against him." Former HIH director Mr Adler may have also broken...of the reasons for HIH's collapse, the commission heard. Mr Adler knew FAI's 1997...
- ROYAL COMMISSION FINDINGS INTO AUSTRALIA'S HIH TO AIR MONDAY.
- News wire article from: AsiaPulse News January 10, 2003 700+ words
...having ignored several strong warnings of HIH's impending failure - also argued for...Cooper admitting he bought $1 million HIH shares after receiving a tip-off from former HIH director Rodney Adler. Mr Cooper said in a clandestine early...
- AUSTRALIAN COURT WRAPS UP $US3 BLN HIH INQUIRY.
- News wire article from: AsiaPulse News February 4, 2003 700+ words
...than 1.5 million documents relevant to HIH's March 2001 demise, accepted hundreds...including more than 40 each by former HIH director Rodney Adler and chief executive officer Ray Williams. Former HIH director Charles Abbott is facing five...
- JUSTICE DELIVERS FINDINGS ON AUSTRALIA'S HIH COMMISSION.
- News wire article from: AsiaPulse News April 4, 2003 700+ words
...of witnesses including former HIH director and FAI owner Rodney Adler and HIH's chief executive Ray Williams...legal breaches committed by Mr Adler and another 42 by Mr Williams...recommended against several other HIH and FAI executives. A total...