The founder and former chief of the failed insurer HIH, Ray Williams, will be sentenced next year after pleading guilty to three charges of misleading shareholders. Williams, 68, was ordered to appear ...

The former chairman of the failed HIH insurance company, Ray Williams, is a free man after almost three years in jail. In 2005, Mr Williams was found guilty of misleading shareholders about the ...

The reopening of the HIH Royal Commission this week immediately focused on two questions about the busted insurance group: whether it was solvent at June 30, 2000 (the date of its last published ...

SYDNEY, Australia (CNN) -- Ray Williams, former CEO of HIH Insurance and the man at the center of Australia's biggest corporate disaster, has pleaded guilty to three charges over his management of the ...

The fallen corporate titan suffered a number of indignities in the wake of the $5.3 billion collapse of his company in March 2001 but perhaps one of the most painful was getting a marginally longer ...

"The last thing in the world I would have wanted was for HIH to fail, for people to be hurt and for people to suffer financial loss. And I really am very sorry that occurred,'' he told reporters as he ...

The plot of the HIH soap opera is familiar - the insurance company collapsed in 2001 with debts of about $5.3billion, which Ray Williams and his cohorts achieved through gross mismanagement, largely ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A four-year investigation into the A$5.3bn (US$4.1bn) failure of HIH, Australia's biggest corporate collapse, ...

Australians whose dreams were shattered by Australia's biggest corporate collapse feel they can finally move on now that one of the biggest names behind HIH is in jail. Former HIH director Rodney ...

John Palmer's review of the role the Australia Prudential Regulation Authority played in the $5 billion collapse of the HIH Insurance group last year confirms there was regulatory failure in APRA's ...

We’ll send you a myFT Daily Digest email rounding up the latest US Department of Justice news every morning. The liquidator of HIH, the Australian insurer that collapsed in 2001 with estimated debts ...