First sentences handed down in Parmalat trial

[JURIST] A Milan judge Tuesday sentenced 11 men to up to two and a half years in jail for their roles in one of Europe's biggest financial scandals, the 2003 collapse of Parmalat [official website in English; BBC Q&A]. Based upon a plea bargain, the convicted men, including founder Calisto Tanzi, former chief financial officers Alberto Ferraris and Luciano Del Soldato, former finance chief Fausto Tonna, internal auditors, and Tanzi's brother and son, will not have to stand criminal trial in Milan. They could, however, still be indicted in Parma for false book-keeping, which carries much steeper charges than the market-related crimes tried in Milan. Reuters has more.

 

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