Link: Parmalat special
The latest figures are detailed in a preliminary review by PricewaterhouseCoopers.
However, the £234m figure could rise if investigators discover that Parmalat executives further padded sales and did not account for other losses and expenses.
PwC’s review comes in the same week as Enrico Bondi, the Italian-government appointed administrator will deliver the first draft of a restructuring plan for Parmalat.
He is expected to begin revoking deals such as the sale of Parmalat bonds. And up to 27 former Parmalat executives could, later this week, be indicted for market rigging and distributing false information by a Milan magistrate.
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