1. Parmalat Inquiry Finds Basic Ruses At Heart of Scandal.
- Author
-
Galloni, Alessandra, Reilly, David, Mollenkamp, Carrick, Trofimov, Yaroslav, Schroeder, Michael, Sidel, Robin, and de Cordoba, Jose
- Subjects
- *
FRAUD investigation , *CRIMINAL investigation , *ISLANDS , *FINANCIAL executives , *BANK accounts , *COMPUTER files , *FINANCE - Abstract
Presents information related to the evidence coming out of the fraud investigation of Parmalat SpA. Recount of meeting between Paramalat's former finance director Fausto Tonna and executive Gianfranco Bocchi, focusing on the destruction of computer files that was ordered by the company's founder Calisto Tanzi and approved by the company's outside legal counsel Gian Paolo Zini; View of investigators that the coverup was not sophisticated; Description of techniques used to forge signatures and official stamps and seals; Discussion of a bank account purportedly being held at Bank of America Corp. in the name of a Parmalat unit in the Cayman Islands called Bonlat Financing Corp.; Amount of money that is still unaccounted for at Parmalat.
- Published
- 2003