Dec 19, 2008 · Parmalat, a dairy company that is a household name in Italy and is – or was – one of the country’s few international businesses, discovered that it had a €14bn ($20bn) black …

Nov 29, 2016 · On 19 December, Parmalat publicly announced that €3.95 billion in cash was missing, sending the Parmalat stock price near zero (see Figure 1). Parmalat executives …

Mar 6, 2024 · The Parmalat scandal was one of the largest financial frauds in history, and it resulted in the loss of billions of dollars for investors and creditors. Parmalat’s financial fraud …

Dec 9, 2010 · An Italian court sentenced the founder of Parmalat SpA to 18 years in prison on Thursday for his role in the Italian dairy company's 2003 collapse, Europe's biggest corporate …

Dec 9, 2010 · The founder and former chief executive of Italian food conglomerate Parmalat has been sentenced to 18 years in jail for his role in a fraud at the firm. Calisto Tanzi was …

In 2003, multinational Italian dairy and food corporation Parmalat collapsed with a €14 billion ($20bn; £13bn) hole in its accounts, in what remains Europe's biggest bankruptcy. The …

With no way to cover its obligations, Parmalat declared bankruptcy in December 2003, marking the largest corporate collapse in Europe at the time. Thousands of employees lost their jobs, …

Oct 6, 2005 · Parmalat collapsed with a 14bn-euro ($17bn; £9.5bn) hole in its accounts. The accused are said to have helped construct a web of complex financial deals, bond sales, …

Investigations revealed that Parmalat created assets where none existed and transferred money to its various subsidiaries around the world in a series of complicated derivative transactions.

Dec 9, 2010 · (Reuters) - The founder of Parmalat SpA was sentenced to 18 years in jail for his role in the Italian food giant's 2003 collapse in Europe's biggest corporate bankruptcy.