Allegations of obstruction broaden Parmalat inquiry: prosecutors claim workers destroyed documents to sidetrack investigations

Article Abstract:

Investigations into Parmalat S.p.A. finances have resulted in accusations that founder Calisto Tanzi misappropriated an estimated half a billion euros, and that employees began destroying documents as the investigations were launched. Auditors of the dairy company are being included in the investigations.

Embezzlement

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Parmalat prosecutors hit obstacle: Milan judge blocks effort for a quick indictment of firms and individuals

Article Abstract:

Judge Guido Piffer refused a request for fast-tracking the Parmalat S.p.A. fraud trial, citing lack of clear evidence. Piffer did, however, indicate that prosecutors could indict under normal judicial proceedings.

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Parmalat judge recognizes some $20.8 billion in claims

Article Abstract:

Giuseppe Coscioni, an Italian judge, has decided to recognize $20.8 billion in claims against Parmalat S.p.A. the fallen dairy business. Parmalat S.p.A. will then restructure.

Financial management, Organizational history, Finance, Company restructuring/company reorganization, Reorganization and restructuring, Company financing, Company organization

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