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emad Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-28-05 11:13 AM
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Parmalat fraud trial is suspended

Calisto Tanzi has apologised for the collapse of Parmalat


The trial of Calisto Tanzi, founder of scandal-hit Italian dairy giant Parmalat, and other company executives has been suspended on its first day.

The court wants to consider whether to add civil suits by investors damaged by the company's collapse in 2003.

The trial comes two years after a black hole of 14bn euros ($17bn; 9.5bn) was found in the firm's accounts.

Mr Tanzi and 15 others are charged with false accounting, market rigging,and misleading Italy's market regulator.

http://news.bbc.co.uk/1/hi/business/4288224.stm
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barbaraann Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-28-05 11:25 AM
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1. Bank of Italy/Bank of America involved.
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emad Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-28-05 11:28 AM
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2. Bank of Italy chief in hot water already:
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