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

Enjoyed this article? Help spread the word:

Comments

Reader comments for this story

White papers

Related jobs

Spotlight

Find a place in the sun with YP

May issue of Young Professional features a guide to living...

James Thompson, Ecosecurities CFO

Profile: James Thompson, CFO of Ecosecurities

James Thomspon couldn't have started his job at a worse...

Practice careers guide: big versus small

Is big really best or would working for a medium...

Find your next job

Find your next job
Salary Checker

Search white papers

Search white papers

Have your say

Has the credit crunch made you fear for your job?
Yes, my company says jobs will go
Maybe, if things get worse, I could be hit
No, business is quite stable

Job of the week

More finance jobs...

Your next job