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Food and Beverages
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The Scotsman: Italian banker found dead
An Italian banker questioned as part of the investigation into the collapse of food group Parmalat was found dead yesterday.
The Scotsman: £10bn Parmalat fraud trial begins
THE founder of one of Italy's most famous companies went on trial yesterday accused of fraud following a £10 billion financial scandal that shocked Europe.
The Scotsman: Italian banks in dock over Parmalat collapse
ITALIAN prosecutors want four leading banks and asset management firm Nextra to stand trial over the collapse of food firm Parmalat - Citigroup and Morgan Stanley of the US, Deutsche Bank of Germany and UBS of Switzerland.
The Scotsman: Parmalat to sue auditors
PARMALAT, the bankrupt Italian food company, is suing outside auditors Grant Thornton and Deloitte & Touche, seeking £5.5 billion in damages.
The Scotsman: Parmalat pledges sweetener to shareholders
PARMALAT, the bankrupt European food giant, has pledged to pay out 50 per cent of its profits as dividends over the next 15 years in a bid to sweeten a rescue plan for thousands of creditors forced to switch their bonds into shares.
The Scotsman: Parmalat set for rescue bid
CREDITORS of insolvent Italian food company Parmalat are likely to approve the company's forthcoming rescue plan even though they may get just 15 per cent of what they are owed, bondholders have said.
The Scotsman: Prosecutors ask for 32 to stand trial over Parmalat
PROSECUTORS yesterday called for 29 people and three financial institutions to stand trial for the collapse of the Italian dairy giant Parmalat, according to judicial sources.
The Scotsman: BoA denies Parmalat crisis claim
BANK of America has denied it had prior knowledge about Parmalat's financial crisis, after Italian administrator Enrico Bondi accused it of trying to hide the Italian dairy firm's problems.
The Scotsman: Parmalat cull
PARMALAT is cutting almost half its workforce as it sells or liquidates units in 20 countries in an effort to stay afloat.
The Scotsman: Bondi to outline Parmalat repayment plan
BANKS and bondholders owed money by Parmalat will finally meet the insolvent Italian food group's administrator today, but are unlikely to win much say in how Enrico Bondi plans to turn the company around and pay its debts.
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Scotsman.com Business - Parmalat

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