BusinessCompany NewsParmalat founder and CFO charged over collapse

Parmalat founder and CFO charged over collapse

Calisto Tanzi and other former executives to face trial

Four years after it collapsed, the bankruptcy of
Italian dairy giant
Parmalat,
has seen its founder
Calisto Tanzi and
former chief financial officer
Fausto
Tonna
charged in connection with the massive fraud at the company

Parma judge Domenico Truppa charged Tanzi and Tonna, along with 21 other
people with fraudulent bankruptcy and criminal association.

One of the key issues has been around which people connected to the company
helped hide the true state of its finances.

Parmalat was restructured after its £9.4bn collapse.

Further reading:

Ex-Parmalat auditors face possible court date

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