How Parmalat spent and spent

Article Abstract:

Enrico Bondi, the government appointed administrator of bankrupt Parmalat S.p.A., has released results of an investigation into the financial mismanagement and corporate fraud that led to the dairy industry giant's downfall. In addition to detailing acquisition and borrowing sprees that left the company financially insecure, the report suggests that Italian and foreign banks may have been involved in enabling Parmalat executives to make fraudulent transactions.

Investment Banking and Securities Dealing, Investment Banking, Business Failures, Reports, Investment banks, Financial misrepresentations, Financial misrepresentation, Bondi, Enrico

---

Milan officials are expanding Parmalat probe

Article Abstract:

In a move understood as a precursor to indictment, Italian regulators in Milan have initiated an investigation of four of the world's leading financial services companies. Citigroup Inc., Deutsche Bank AG, UBS AG, and Morgan Stanley Group Inc. are being investigated for alleged violations of securities law in connection with the alleged fraud at now-bankrupt dairy products company Parmalat S.p.A.

Commercial Banks, Germany, Switzerland, Financial Services, Finance and Insurance, DEPOSITORY INSTITUTIONS, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Banking industry, Financial services industry, Securities industry, Corporations, UBS AG, Securities fraud, Citigroup Inc., Morgan Stanley Group Inc., C, Deutsche Bank AG (Frankfurt, Germany), DB

---

Italy may widen Parmalat inquiry

Article Abstract:

Prosecutors investigating the collapse of Parmalat my add insider trading to the mounting list of charges against the company, and are considering investigating Deloitte and Touche for their possible role in accounting irregularities.

Similar abstracts:

• Abstracts: Scatter search and bionomic algorithms for the aircraft landing problem. Allocating fixed costs and resources via data envelopment analysis
• Abstracts: An alternative to safety stock policies for multi-level rolling schedule MRP problems. Randomized multi-level lot-sizing heuristics for general product structures
• Abstracts: Hybrid scatter search and path relinking for the capacitated p-median problem. Center problems with pos/neg weights on trees
• Abstracts: Nokia net rises 43 percent on strong high-end sales. Nokia reports 21% jump in profit. Siemens lifts handset shipments
• Abstracts: Shell's ex-chairman knew about overstatement risk: Watts had 2 years' notice on possible issues; 'trail of communications'

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.