Four major international investment banks are to face charges over the
dairy giant Parmalat, which collapsed due to accounting fraud.
The banks have been accused of not stepping in with measures that would have
alleviated the company’s plight.
Parmalat collapsed under £9.4bn worth of debt, but was later restructured.
All four of the banks deny any wrongdoing in the case.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children