Parmalat founder and CFO charged over collapse

Calisto Tanzi and other former executives to face trial

Written by AccountancyAge.com

Four years after it collapsed, the bankruptcy of Italian dairy giant Parmalat, has seen its founder Calisto Tanzi and former chief financial officer Fausto Tonna charged in connection with the massive fraud at the company

Parma judge Domenico Truppa charged Tanzi and Tonna, along with 21 other people with fraudulent bankruptcy and criminal association.

One of the key issues has been around which people connected to the company helped hide the true state of its finances.

Parmalat was restructured after its £9.4bn collapse.

Further reading:

Ex-Parmalat auditors face possible court date

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