Link: Parmalat special
Government-appointed administrator Enrico Bondi is hoping that Kroll will be able to track recover some of the money lost in the €14.5bn (£9.5bn) accounting hole discovered in December last year.
To date, just €50m has been recovered.
Although it is now known that Parmalat hid massive losses for more than thirty years, investigators believe millions of euros can still be tracked down in a web of bank accounts in the Cayman Island, Switzerland, Monaco, Liechtenstein, Malta and the US, the FT reported.
PricewaterhouseCoopers are going through the Parmalat accounts with the accounting equivalent of a fine tooth comb, as part of the inquiry into the scandal which has rocked Italy and the world.
Political and economic uncertainty behind the fall in confidence
Just Racing Services, operating company of the Manor Racing Formula One team has entered administration
Last year 16 oil and gas companies became insolvent, finds Top Ten firm Moore Stephens
Team Rock the publication of classic rock is in administration with FRP Advisory