Link: Parmalat special area
Alessandro Bassi threw himself off a bridge near the company’s headquarters in northern Italy, according to police. Bassi had worked closely with Fausto Tonna, Parmalat’s former financial expert who has been accused of masterminding a series of frauds within the company.
Bassi had been questioned by police over the scandal but had not been cautioned as a suspect. The news of his death came at the same time as founder, Calisto Tanzi, was taken from prison to hospital. Tanzi complained of a tingling in his arm but still faced questioning from prosecutors in hospital, according to The Guardian.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
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