Corporate criminals

From: Edward Cherlin <cherlin_at_pacbell_dot_net>
Date: Sun Jul 17 2005 - 02:11:06 CDT
> Milan, June 26: A Milan judge has formally charged Parmalat
> founder Calisto Tanzi, 15 other executives and three financial
> institutions over their role in the scandal that plunged one
> of Italy's best-known brands into insolvency.
> Judge Cesare Tacconi sent the executives to trial on
> Saturday, after eight months of preliminary hearings, on
> charges including market-rigging, false auditing and of
> hindering the work of regulators.
> The Italian offices of Bank of America, auditors Deloitte
> & Touche and the former Italian affiliate of Grant Thornton
> were also charged with helping dairy group Parmalat mislead
> investors.
> Under Italian law, companies can stand trial, facing
> possible fines or even enforced closure if found guilty.

Now that's what we need.

Edward Cherlin
Generalist & activist--Linux, languages, literacy and more
"A knot! Oh, do let me help to undo it!"
--Alice in Wonderland
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Received on Sun Jul 31 23:17:17 2005

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