More than 130,000 individuals were out of pocket when Parmalat was placed into bankruptcy protection in 2003 after a 14bn euro black hole was found in its accounts.
Mr Tanzi’s apology came in a statement issued through his lawyer following five hours of questioning by prosecutors in Parma on Friday (15 January).
In his statement he said: ‘I apologise to all who have suffered so much damage as a result of my schemes to make my dream of an industrial project come true. It is my duty to collaborate fully with prosecutors to reconstruct the causes of Parmalat’s sudden default and who is responsible.’
According to the BBC, prosecutors are seeking indictments against Mr Tanzi and 28 others, including Parmalat’s former financial officer Fausto Tonna, for allegedly making misleading statements to accountants and Italy’s financial watchdog, and manipulating stock market prices.
Two former Parmalat auditors will stand trial this month for their role in the company’s collapse.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016