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| Company | Parmalat [Company Info] |
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| Date | Issue | Title |
| 6th May 2004 | Fraud Investigation | Police raid Capitalia offices in Parmalat probes |
| Report |
| ROME : Italian finance police searched Rome offices of the bank Capitalia in connection with the collapse of the food groups Cirio and Parmalat, judicial sources said. The search was ordered by Parma's public prosecutor and concerns the sale of the dairy group Eurolat by Cirio to Parmalat in 1999, the source added. Parmalat founder Calisto Tanzi and his financial director Fauso Tonna have alleged to magistrates that they were forced by Capitalia chairman Cesare Geronzi to buy Eurolat at an inflated price so that the bank, formerly Banca di Roma, could recover money owed it by Cirio. Geronzi has denied the allegations. Parmalat was declared insolvent in late December after a gaping hole in its accounts was revealed. Shortfalls totalling more than 14.2 billion euros (17.25 billion dollars) in its accounts have since emerged. The company's state-appointed administrator Enrico Bondi is drawing up plans to sell off assets and convert debt into Parmalat shares. |
| Other Reports on Parmalat | |||
| Date | Issue | Company | Report |
| 26th Jul 2007 | Other Issue | Parmalat | Judge dismisses Parmalat US trial |
| 3rd Jul 2007 | Other Issue | Parmalat | Parmalat to face US group lawsuit |
| 31st Mar 2006 | Other Issue | Parmalat | Bank of America to sue Parmalat |
| 27th Jan 2004 | Fraud Investigation | Parmalat | Audit states debt now 14.3 Billion Euros |
| 29th Dec 2003 | Fraud Investigation | Parmalat | Parmalat admits $4.9bn black hole |
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